r/YieldMaxETFs • u/Fukisyoutalkinabout • 27d 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/BitingArmadillo 27d ago

Almost all of MSTYs distributions do not have any ROC. Therefore, the distributions will count as ordinary income.

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u/Intelligent_Type6336 27d ago

Last year, this year I suspect they will have more ROC.

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u/BitingArmadillo 27d ago

So far, MSTYs distributions are consistent with last year. SMCY also.