Discussion in 'Taxes and Accounting' started by ETJ, Apr 6, 2019.
it's a secret no more.
"A secret is is a secret if only two people know it. And then it is a secret only if one one them is dead."
That and ETFs are not like grocery business @ all.LOL I have to pay tax on food...…..unless I buy apples right off the farm. I do buy them that way+=you pay no tax on t hem that way in my state. Some people buy muni bonds that way + ETFs in Roth, same way LOL
It never really was a secret either. Kinda useless bit of information (there are arranged trades, so there is no price impact) unless you want to filter them out for some volume calculations.
is this something any regular ET folk can do?
Not sure what it would get you? It is a way for the ETF itself to unload appreciated stock without triggering a tax liability for the ETF. It doesn't benefit the bank who takes on the stock, except that the ETF essentially owes them a favor for it. Not sure which part of the transaction you'd want to be a part of? Essentially you do benefit from it if you're an ETF holder without doing anything.
Not sure why you would want to.[Unless you do not enjoy over paying taxes; in that case see or make a free phone call to a CPA]
Some one wrote the US Treasury/ IRS a million dollar gift; but that is an unusual pattern.LOL. But remember the Mad magazine cartoon; they drew Gov/Pres Ronald Reagan, like a raven on perch, said an apology to Edgar Allen Poe/Raven Poem. The reporter asked ''how taxes galore??' Quoth the Regan ; ''less is more '' LOL
Sig is sometimes right.
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