✉news BusinessPersonal Finance first seen 12 h ago, last 1 h ago, peak #13
Bitcoin and Ether ETF to liquidate October 21, tax worries follow
Original: His Bitcoin-and-Ether ETF Will Liquidate October 21. The Forced Cash Redemption Can Make More of His Social Security Taxable
A Bitcoin-and-Ether exchange-traded fund will liquidate on October 21, forcing investors into cash redemption. Financial writers warn the forced payout could push more of a retiree's Social Security benefits into taxable income, since the proceeds count as income in the year received. Commentators are highlighting the tax trap for older holders who may not have planned for the fund's closure.
Why now: Retirees holding the fund face an unexpected taxable event as the liquidation date nears.
Evidence
- His Bitcoin-and-Ether ETF Will Liquidate October 21. The Forced Cash Redemption Can Make More of His Social Security Taxable · 24/7 Wall St.
- His Bitcoin-and-Ether ETF Will Liquidate October 21. The Forced Cash Redemption Can Make More of His Social Security Taxable · Yahoo Finance
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