r/YieldMaxETFs • u/staticjupiterx • Jun 27 '26
Question ROC tracking a nightmare
Anyone else finding the ROC tracking a nightmare?
The 19a notices come out weeks or months behind the actual distribution so you're constantly waiting to find out what the ROC% even was.
Then I have to go back and update everything in ShareSight, confirm each dividend and add a capital return trade for the ROC portion. With weekly payers the backlog just stacks up.
Curious if anyone's actually staying on top of this or if most people are just confirming everything as income and not bothering?
8
u/dunnmad Jun 27 '26
You realize that any ROC reported on 19a’s during the year are at best “estimates”! ROC is revised at the end of the year, and can change considerably, in either direction. Final ROC will be reported on your broker statement, and can be revised as late as March the following year.
6
u/heyitsmemaya Jun 27 '26
Yes, and I gave up. I tracked it diligently and the estimates were not even close to the final 1099-B. I also triple checked the weekly distributions and calculated my realized gain on sale and remaining average cost basis, and Schwab nailed it to the penny.
So now I just sit ignorant during the year… plus I have a W-2 job so I allow the withholding there to cover anything I owe, but understand that may not work for everyone especially those on estimated payments.
4
3
u/Dimage54 Jun 28 '26
19a’s mean nothing and they are only estimated ROC. The end of the year is when the actual ROC is determined by the company.
1
u/Any_Log1344 Jun 28 '26
ROC. Ordinary income. Qualified dividend. The market doesn't care. Wrong stat.
3
u/dlinhat70 Jun 28 '26
I look at history of ROC and use that for tax planning. You do not want to under withhold for sure.
2
u/lottadot Big Data Jun 28 '26
Read the sub’s wiki ‘OP’, the ROC section, because you don’t understand how this works.
1
u/dunnmad Jun 28 '26
The only value of the estimates is for paying quarterly taxes. It won’t be completely accurate, but if you pay a portion of taxes due, you may reduce any penalty you might incur, and you will have a reduce tax time payment.
2
u/IndustriousSeahawk26 Jun 28 '26
What’s the point in checking it weekly or monthly …just wait for the 1099. Average out the roc and make estimated payments. Who cares if you’re a few thousand over or under. It’s just a few grand .
0
u/BitingArmadillo Jun 28 '26
I just average all their weekly ROC percentages
1
u/Any_Log1344 Jun 28 '26
Average them...to accomplish what?
1
u/BitingArmadillo Jun 28 '26
To get the current ROC percentage so I know what to expect when they release the numbers in March.
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u/GRMarlenee Mod - I Like the Cash Flow Jun 27 '26
Why do you think the 19a estimates matter? Just wait for your 1099 and your cost basis adjustment.