Tax Tips From Traders Accounting

Benzinga recently hosted its first virtual event focused on investing in Exchange Traded Funds (ETFs), dubbed “ETF: Unlocked”. Sponsored by Traders Accounting, the event brought together important thought leaders in the space to share their expertise and discuss current and future trends for 2023.

Traders Accounting is a leading tax services company specializing in tax preparation for active traders. Now that tax season is upon us, Dr. Jerry Allison, a CPA with Traders Accounting, shared with the participants of ETF: Unlocked some key insights for this year.

For those interested in ETFs, it's important to understand that “all ETFs are not taxed the same,” Dr. Allison shared. Explaining further, Dr. Allison continued, “Some of them, like SPX and others are treated like futures and taxed that way with a beneficial 60/40 split, whereas other ETFs are treated just like regular stocks and options and can utilize the mark to market method. So it is something that we have to keep track of because this is a constantly evolving situation.”

Watch the full interview here:

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. 

Featured photo by Kelly Sikkema on Unsplash