Correction: Beware of Taxes with Currency, Precious Metal ETFs

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 |  Includes: FXE, UDN, UUP
by: IndexUniverse

By Matthew Hougan

CORRECTION: An earlier version of this blog regarding the taxation of currency ETFs was not correct.

The original post suggested that any gains on both currency ETNs and ETFs would be taxed at ordinary income rates. In fact, ETFs may qualify for long-term capital gains treatments.

Details forthcoming.