The TRUTH about QYLD's Taxes Comes Out!

<p>Last week I put out a video speculating that QYLD's dividend would not be a Return on Capital (RoC) but instead taxed as ordinary income. That means I would not get to defer taxes by lowering my cost basis but instead pay more taxes on the distributions in my highest income bracket. &nbsp;Global X put out monthly estimates showing upwards of 90% would be RoC's , but based on their 2021 Tax Form for all their products seems like this will be ordinary dividends indeed. Does QYLD still have a place in my portfolio after this? Income ETFs like QYLD, NUSI and JEPI may pay high dividends but a lot of that is being given up to taxes. Follow me on my YouTube: CitizenoftheYear!</p> --- This episode is sponsored by · Anchor: The easiest way to make a podcast. <a href="https://anchor.fm/app">https://anchor.fm/app</a>