Hello,
In addition to the income from my job, I have income from my investments. Some of my investments are professionally managed. They do attempt to manage the portfolio in a tax efficient manner, however, I never know what to expect at the end of the year in terms of taxes I'll need to pay on dividends, capital gains, interest, etc. The last few years, I've owed large amounts because of this. I do have extra money withheld from my paychecks each pay period to try to get ahead of this, however, I have no system to try to estimate what will be owed and am flying blind. Any advice on how to better manage this to avoid the large tax surprise at year end? Thank you.
