Posted by DigiNomad on 21st of Apr 2023 at 03:55 pm
Looks like UVXY does issue a K-1. Sorry, I should have
researched and posted instead of looking for the easy way out.
K-1s are mostly associated with futures products...which tend
to be, but are not always commodities.
Next question is whether or not UVXY gains receive section
1256 contracts favorable tax treatment (60/40 long term vs short
term).
UVXY
Started small VIX June 21 calls 3.50 and will hope ...
Posted by DigiNomad on 21st of Apr 2023 at 03:55 pm
Looks like UVXY does issue a K-1. Sorry, I should have researched and posted instead of looking for the easy way out. K-1s are mostly associated with futures products...which tend to be, but are not always commodities.
Next question is whether or not UVXY gains receive section 1256 contracts favorable tax treatment (60/40 long term vs short term).
https://www.proshares.com/resources/tax-and-filing-documents/k-1s-form-1065
proshares.com
K-1s (Form 1065)
I hate that K1 shit
Posted by matt on 21st of Apr 2023 at 03:55 pm
I hate that K1 shit
UVXY
Posted by DigiNomad on 21st of Apr 2023 at 03:59 pm
https://www.reddit.com/r/TradeVol/comments/qntnei/section_1256_tax_for_uvxy/
Looks like not all brokers are on the same sheet of music when it comes to 60/40 tax treatment for UVXY.
reddit.com
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