The IRS warning on ETF tax deals turns on two words: swapping out contributed stocks 'shortly after' a fund is created is suspect. How long is shortly? The ruling doesn't say. Funds that keep their stocks aren't covered, and comments are due October 28.
The IRS's warning on ETF tax deals turns on timing: swapping out the contributed stocks 'shortly after' an ETF is created is suspect, but the IRS has not said how long 'shortly' is, seeding an ETF with stocks it means to keep is not addressed, and comments are due by October 28.
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Treasury, IRS crack down on ETF ploy the wealthy are using to avoid income tax
CNBC · Oct 2, 2026
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