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How do I handle losses passed through by the Volatility, Commodity or Currency ProShares ETFs?

April 26, 2017commodity currency ETFs losses proshares volatility

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How do I handle losses passed through by the Volatility, Commodity or Currency ProShares ETFs?

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If your taxable income for the year is negative, then it is considered a passive loss under the tax code. Note that this loss may not be used to offset income from other sources. Instead, the passive loss may only be used to offset future income from the same Fund.