I understand that Commodity and Currency ProShares ETFs are treated as partnerships for tax purposes. Can you give specifics on how I can expect my investment to be taxed?
Partnerships are “pass-through” entities: the income and expenses of each Commodity and Currency ProShares ETF “flow through” to its shareholders. (This is unlike a corporation, which pays taxes before distributing profits to shareholders, which in turn are separately taxed.) Accordingly, each owner of a Commodity or Currency ProShares ETF takes into account his or her pro rata share of the ETF’s income, gain, loss, deductions and other items for the calendar year.
Related Questions
- I understand that Volatility, Commodity and Currency ProShares ETFs are treated as partnerships for tax purposes. Can you give specifics on how I can expect my investment to be taxed?
- If I sell shares in a Volatility, Commodity or Currency ProShares ETF, what is my tax reporting responsibility for this transaction?
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