Taxes and fund structure

What you keep matters more than what you earn. These pages cover short- and long-term capital gains, why some funds send a K-1 instead of a 1099, and how an ETN differs from an ETF.

Capital gains tax on investments

How US capital gains tax works for stocks and ETFs: short-term versus long-term rates, when gains are taxed, tax-loss harvesting and tax-advantaged accounts.

K-1 vs 1099 funds

Why some ETFs send a Schedule K-1 instead of a 1099, how fund structure decides the tax form and rates, and which fund types to check before buying.

ETF vs ETN

The difference between exchange-traded funds and exchange-traded notes, why ETNs carry issuer credit risk, and what happens when an ETN is closed early.