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Do iPath single currency ETN investors need to submit a form to the IRS requesting certain tax treatment?

April 26, 2017certain currency etn form investors ipath IRS requesting submit

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Do iPath single currency ETN investors need to submit a form to the IRS requesting certain tax treatment?

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No, it is not necessary to elect any specific treatment since the IRS has ruled how financial instruments linked directly to the value of a foreign currency should be treated from a tax perspective. Most custodians will provide Form 1099 OID for annual tax reporting purposes.