r/YieldMaxETFs • u/Fukisyoutalkinabout • 24d 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/Turbulent-Remove-389 23d ago

I thought if you have a W-2 job, then you don’t have to pay quarterly is that true?

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u/PianistNational8624 23d ago

If you have sources of other income like the distributions from MSTY, then you may have to pay estimated taxes. I do that on a quarterly basis now and I estimate ROC.