Voluntary Federal Income Tax Withholding
Good afternoon. I informed my investment company to voluntarily withhold Federal Income tax at a rate of fifteen percent (15%) on all distributions (Interest, Dividends, Short-Term Capital Gains and Long-Term Capital Gains.) The withhold I requested will take place on five (non-qualified) mutual funds. Three of the five funds make distributions monthly, one makes distributions quarterly and the fifth fund makes distributions annually (in December.) My question/goal/project is I'd like to track the withholding's in the Tax Planner as the year progresses. Does anyone have any experience with what I'm trying to do? (I don't mind having to make manual entries and currently the accounts I referenced are part of "One Step Update.")
This discussion has been closed.