Posted by icecoldjones on 24th of Mar 2023 at 10:47 am
Damn, good to know oatdust, thanks! This was my first year
playing with UNG and held for about a month and made a small
profit. Luckily, I made that play within a Roth IRA which should
prevent taxes. Google says I'll get a K-1 for information purposes
but owe no taxes.
USO, UNG and their related
Question re: USO - if you trade it multiple times ...
Posted by oatdust on 24th of Mar 2023 at 10:39 am
USO, UNG and their related inverse and leverage ETFs
Currency ETFs and their inverse and leveraged UUP, UDN etc.
DBA, DBC
Before you invest in an ETF just do a Google search
"Does YCS ETF ISSUE A K-1"
Damn, good to know oatdust,
Posted by icecoldjones on 24th of Mar 2023 at 10:47 am
Damn, good to know oatdust, thanks! This was my first year playing with UNG and held for about a month and made a small profit. Luckily, I made that play within a Roth IRA which should prevent taxes. Google says I'll get a K-1 for information purposes but owe no taxes.
To be fair, it works
Posted by oatdust on 24th of Mar 2023 at 10:51 am
To be fair, it works both ways.
One time I invested 50K in USO, didn't hold that long and got a K-1 claiming a 1.2K loss.
Tax season is full of surprises when you invest in K-1 ETFs.