Comments on: Learn ETF Tax Rules to Jumpstart Tax Season

By: Tom Lydon

Tom Lydon — Fri, 19 Oct 2007 17:38:57 +0000

Rob- This is one for your CPA. If I start giving tax advice my golf buddies will give me a hard time. Best, Tom

By: Rob Cook

Rob Cook — Fri, 19 Oct 2007 12:52:49 +0000

On the gold etf, can you offset gains with prior rollover losses? I have some losses from previous years, all of which I can offset this year. But I’d like to offset those losses with gains from my GLD ETF and take long term capital gains on my other profits rather than offset the long term cap gains on my stocks and have to pay 28% on my GLD profits.

By: Tom Lydon

Tom Lydon — Fri, 20 Jul 2007 19:05:26 +0000

Thanks so much, Rob. You’re right, we had that worded incorrectly. We have corrected it above now.

By: Rob Jones

Rob Jones — Fri, 20 Jul 2007 00:56:11 +0000

I don’t believe that’s correct on futures ETFs. 40% of the gain is considered short-term, and is taxed at your marginal tax rate. The other 60% is taxed as a long-term capital gain and taxed at the capital gains rates you mentioned (usually 15%).