Serious Investment management in GC ?

[David T.]

David,

Thanks for bringing the distribution aspect up. I seem to recall it was brought up in another thread not so long ago as well. SInce I am not yet to the point in my life where I am getting distributions, I haven’t given it much thought. Maybe I should!

David

> On Apr 21, 2017, at 5:52 PM, David Carlson <david.carlson.417 at gmail.com> wrote:
> 
> Since David T brought up the oft overlooked subject of taxable versus non-taxable,  I feel that it is important to add that distributions from non-taxable accounts are taxable (in the US) as ordinary income, while distributions from taxable accounts are not taxable, since the various incomes and gains were taxed earlier on an accrual basis.  
> 
> I have assigned the respective tax status to all the accounts that David T has mentioned for the Tax Report, and added taxable income and offsetting expense accounts for each non-taxable brokerage account to accumulate those taxable distributions.
> 
> David C
>