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Podcast: Collect Cash
Episode: The TRUTH about QYLD's Taxes Comes Out!
Description: Last week I put out a video speculating that QYLD's dividend would not be a Return on Capital (RoC) but instead taxed as ordinary income. That means I would not get to defer taxes by lowering my cost basis but instead pay more taxes on the distributions in my highest income bracket. Global X put out monthly estimates showing upwards of 90% would be RoC's , but based on their 2021 Tax Form for all their products seems like this will be ordinary dividends indeed. Does QYLD still have a place in my portfolio after this? Income ETFs like QYLD, NUSI and J...