What are the tax implications of buying and selling ETF's??

Question

Are there better times to buy/sell ETF's for tax purposes? Was wondering if certain times were more beneficial in terms of filing taxes. Does the type of security matter?

Answer 1

they are the exact same as stocks. You pay tax on the short or long term gain. You deduct the losses as allowed. As far as timing, it is a matter of if you want short or long term gain or loss. For loss, just sell by the end of the year.

Answer 2

in the experience that your are under fifty 9-a million/2 yrs old, you will get wacked with a 10% penalty come tax return time, plus each and every of the quantity you withdrew would be taxed despite tax fee that quantity pushes you into (would desire to be everywhere from 15-28% or extra, in keeping with what the whole taxable earnings is. Why would you do this? you may roll the money over to a various IRA account that invests in ETF's and not would desire to pay any tax now

Answer 3

No different than a regular stock. However, some ETF like USO (oil futures) and GLD (gold) are treated differently because they are commodities. For these check with your CPA.