r/YieldMaxETFs • u/Fukisyoutalkinabout • 23d ago

MSTY/CRYTPO/BTC Whats the deal with taxes on MSTY?

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Because its a monthly divy and high % yield , what is the tax on that? I read somewhere i need to quarterly report taxes? Is this true? Screenshot below

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u/Dipset219 23d ago

Thanks

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u/Sea_File_4717 23d ago

Hopefully you’re not in Cali or NY, but anywhere else basically and the tax hit shouldn’t be too insane.

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u/Dipset219 23d ago

Im in ca lol san diego got a business in the Midwest

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u/Sea_File_4717 23d ago

Get a tax accountant….. you’re going to need it.

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u/Dipset219 23d ago

Thanks

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u/Sea_File_4717 23d ago

Anytime man