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Thank you Ray for the very informative analysis and your comment about tax implications.
Jun 01 01:59 am
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All Comments by SA2 »Six Ways to Trade Foreign Currencies [View article]
I learned this the hard way - I held DBV and DBA in a taxable account for a short period in 2007 and sold for no gain. At the end of the year I got a K-1 form which was difficult for me to report correctly and the worst of it was I was allocated and taxed for earnings that I did not make. Very frustrating. I will not touch these future-based funds again and from your comment I gather that this is a problem with all ETNs. Buyer beware.
As per your comment the Rydex/Wisdom Tree ETFs seem better, the interest will be taxed as regular income but at list I will only be taxed for money I actually receive and will not need to deal with a K-1 form.
SA2.