Why ETFs remain some of the most tax-efficient vehicles for your money (via ETFEdgeCNBC)
As investors weigh their options for the best and most tax-efficient vehicles for their money, exchange-traded funds remain some of the top candidates because of their unique structure, says Dave Nadig, chief investment officer and director of research at ETF Trends.on Monday about the tax advantages ETFs provide over other investment vehicles. This transcript has been edited lightly for clarity.Nadig: It's really pretty simple. When you think about it, you're running a portfolio.
Pisani: Are there any other places you need to be careful? Certain things are collectibles, right? Gold, for example. Nadig: Yep. None of that's changed. ETFs are generally taxed by the IRS based on what they own, so, if your fund just owns, you're going to get taxed as if you just bought bullion, and that means no matter how long you hold it, you're going to pay a 28% tax on that gain. It's not short term, it's not long term, it's just the collectibles tax. The only other real place is some of the commodities funds that just own futures.
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