Non-qualified portfolio income can be a significant part of your tax situation. Types of investment income such as interest income, dividend income, and capital gains all factor into your Adjusted Gross Income (AGI) and Modified Adjusted Gross Income (MAGI) on your tax return, making it essential to consider investment income carefully when doing income tax planning.

We can provide guidance and insight that will give you a clearer picture of your current tax situation, and help you explore strategies to align your portfolio’s taxable income with your broader financial goals.

This checklist highlights key factors to review in your non-qualified portfolio:

• Taxable and tax-exempt interest
• Ordinary and qualified dividends
• Realized long- and short-term capital gains/losses
• Unrealized long- and short-term capital gains/losses
• Capital losses carried forward from prior tax years
• Anticipated capital gains distributions from mutual funds

Key Considerations for Your Taxable Non-Qualified Account(s)

 

While checklists and flowcharts can help you identify different opportunities, we are always available to meet with you to discuss your financial needs and goals, and to help identify what the best opportunities are for you.

This content is provided by Windward Private Wealth Management Inc. (“Windward” or the “Firm”) for informational purposes only. Investing involves the risk of loss and investors should be prepared to bear potential losses. No portion of this blog is to be construed as a solicitation to buy or sell a security or the provision of personalized investment, tax or legal advice. Certain information contained in the individual blog posts will be derived from sources that Windward believes to be reliable; however, the Firm does not guarantee the accuracy or timeliness of such information and assumes no liability for any resulting damages.

Windward is an SEC registered investment adviser. The Firm may only provide services in those states in which it is notice filed or qualifies for a corresponding exemption from such requirements. For information about Windward’s registration status and business operations, please consult the Firm’s Form ADV disclosure documents, the most recent versions of which are available on the SEC’s Investment Adviser Public Disclosure website at www.adviserinfo.sec.gov.