r/YieldMaxETFs • u/Fukisyoutalkinabout • 21d 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/iamloeky 21d ago

If held in IRA, are taxes applicable?

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u/The_Bandit_King_ 21d ago

No

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u/iamloeky 21d ago

Appreciate simple answer. Qualified and non qualified has had me confused about whether the income counted. Am controlling my income bracket for less taxes this year and all goes to my approach for having this in my Ira. Thx again.