Questions about an investment in SPXL Does anyone have experience with SPXL or a similar leveraged EFT that can offer some validation of these points for taxable accounts? What I have found online has me questioning how to handle gains from this year.
- because of the daily re-balance the IRS regards any gains as short-term even if kept for over a year.
- taxes will be paid on any gains annually even if you don't sell the EFT
- because of the daily re-balance it is disqualified from in-kind redemptions
Thank you and Merry Christmas! |