GUIDES


Category:
Tax Planning, Assets and Investment Planning
New

What Issues Should I Consider With The Income From My Taxable Non-Qualified Account(s)?

Updated 12/1/2023

Non-qualified portfolio income can be a wild card when it comes to taxes. Interest, dividends, and capital gains all have an effect on your clients’ AGI/MAGI, and it’s important to properly factor this in when addressing their tax planning needs.

With your help, clients will have a better understanding of where they currently stand, and what options they have at their disposal, with coordinating the taxable income in their non-qualified portfolio with other tax planning goals.

This checklist covers important factors a client needs to be aware of when reviewing their non-qualified portfolio income, such as:

  • Taxable interest
  • 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 being carried forward from prior years
  • Anticipated capital gains distributions from mutual funds
Related Guides
Important Numbers
Category: Tax Planning
Important Milestones
Category: General, Tax Planning, Insurance Planning
AGI/MAGI Summary Guide
Category: Tax Planning
TCJA Sunset Provision Comparison Guide
Category: Tax Planning
What Issues Should I Consider Before And After The TCJA Sunset Provision Occurs?
Category: Tax Planning
Taxation Guide To Withdrawals And Income Sources
Category: Tax Planning

Getting Your Referral Stats