IRS targets ETFs that reshape to avoid capital gains tax - report
On Monday, the IRS issued a ruling that redefines the boundaries around 351 conversions, where an ETF essentially becomes a vehicle to turn a set of appreciated securities into a significantly different set without an immediate tax bill. In those cases, the tax treatment can be "recharacterized in…
On Monday, the IRS issued a ruling that redefines the boundaries around 351 conversions, where an ETF essentially becomes a vehicle to turn a set of appreciated securities into a significantly different set without an immediate tax bill. In those cases, the tax treatment can be "recharacterized in…
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