Hi all,
Just going through the 1099s I realized most of my non-qualified dividends comes from ISHARES CORE MSCI in my taxable account. Sorry I have no more room in tax advantaged accounts.
I was never paying attention to when the dividend is being declared and buying it at random when ever cash is available. The net result is that when dividend is declared that year, it will NOT be qualified one which as you know is taxed at a much higher rate (wages).
So two questions:
1. Do you all buy these ETFs keeping an eye on the dividend date to avoid this tax bite?
2. Is there another ETF that is equivalent to this for example that is more tax efficient? How do I go about improving the tax efficiency?
BTW: I only buy once or twice a year so if I have do extra check it is not that burdensome on my time.
Appreciate any guidance you all might have. I apologize if I am overthinking but I could help it esp when doing taxes![:(]( "Sad")
Just going through the 1099s I realized most of my non-qualified dividends comes from ISHARES CORE MSCI in my taxable account. Sorry I have no more room in tax advantaged accounts.
I was never paying attention to when the dividend is being declared and buying it at random when ever cash is available. The net result is that when dividend is declared that year, it will NOT be qualified one which as you know is taxed at a much higher rate (wages).
So two questions:
1. Do you all buy these ETFs keeping an eye on the dividend date to avoid this tax bite?
2. Is there another ETF that is equivalent to this for example that is more tax efficient? How do I go about improving the tax efficiency?
BTW: I only buy once or twice a year so if I have do extra check it is not that burdensome on my time.
Appreciate any guidance you all might have. I apologize if I am overthinking but I could help it esp when doing taxes
Statistics: Posted by realclemsongrad — Tue Mar 12, 2024 10:46 am — Replies 0 — Views 51