On March 8th, 2019, Craig Bolanos was featured in Debbie Carlson’s 3 Tax-Deductible Investment Expenses article appearing in U.S. News & World Report. In the article, she talks about changes to the tax code and turning qualified dividends into ordinary income. Craig says that people normally wouldn’t want to do this, unless they have a lot of investment interest expenses they can’t write off. He is quoted as saying that if someone can’t take an investment expense because most of their taxable income is qualified dividends, he’d “be willing to turn those qualified dividends into ordinary income dividends to escape taxation.” He also advises that people should run multiple scenarios and projections to see how the changes to the tax code will affect them.

Disclaimer: Content in this material is for general information only and not intended to provide specific advise or recommendations for any individual. Wealth Management Group and LPL Financial do not provide tax advice or services.

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