When I indicate that a fund in my taxable account is non-taxable, the dividends associated with this fund do not get credited toward my yearly expenses. Basically if I indicate the fund is taxed as simple interest, my taxable account is decreased by an unscheduled withdrawal to pay the bills. If I then indicate this same fund is non-taxable, my taxable account is decrease by a greater unscheduled withdrawal to pay the same bills. I conclude that tax-free distributions cannot be targeted to my CASH account ?
@jj_ejm009_jj0 Yes, you are correct about that; however, there's no particular reason that we shouldn't allow it, so we'll consider it for a design enhancement.
Stuart
Thanks Stuart
I think the same applies to when a fund is set to have dividends created annually as LTCG. Basically, only interest and qualified dividends appear to be credited to the CASH account. I appreciate you looking into this.
Jm
@jj_ejm009_jj0 You're welcome and, yes, you are correct that only interest and qualified dividends can be credited to the Cash account.
Stuart
