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Podcast: Collect Cash
Episode: Did QYLD Just Lie to Us? (Huge Tax Consequences)
Description: Our favorite income ETF QYLD features an impressive 12% dividend yield. Research into their tax documents page may show that dividends were taxed as return of capital or RoC. Return of Capital may be able to avoid taxes for quite some time. But it appears many in the investing community have shared that QYLD dividends are in fact showing up on brokerage statements as ordinary income. This mean it is taxed at highest income brackets and not favorable. I examine more of what is going on at Global X. Follow me on YouTube: CitizenoftheYear! Be sure to like, comment and...