IRS issues notice and Revenue Ruling targeting 351 exchange ETFs, box spreads and straddles

The U.S. Treasury and IRS issued a notice and companion Revenue Ruling curbing tax-driven investment strategies, specifically citing prearranged Section 351 ETF deals, in-kind redemptions, box spreads and straddles. Bloomberg Intelligence's Eric Balchunas said the agency is also seeking feedback from tax experts.

Detected & updated continuously · Source: Nebula