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Life & Money
Exchange-Traded Notes' Tax Perks Under Attack
By
Lawrence Carrel
12/18/07 - 10:52 AM EST
The IRS says that returns of ETNs that invest in currencies must be treated as ordinary income.
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.12 |
Oil *
77.12
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DOWN
154.48
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DOWN
19.14
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DOWN
37.61
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DOWN
0.67
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10 Yr
3.21%
SPDR Gold
115.06
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-1.48%
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-1.72%
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-1.73%
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-2.04%
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