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ProShares UltraShort Basic Materials Message Board

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  • Seneca2 Seneca2 Dec 23, 2008 4:13 AM Flag

    ProShares declares ETF distributions

    Good to remember that although there is a large ST Cap Gain here we can offset the other large ST Cap Losses we have with this gain.

    For example, I have ST Cap losses of around 70K this year. With the ST Gain from my 1000 shares of SMN, I have a 35K Gain. That brings my ST Cap losses down for the year to 35K or so total.

    Really has no tax detriment to me at all and actually increases my basis when I do sell.

    You can carry over ST Cap gains but only offset them against losses at 3K a year its not good to have very large ST cap Loss carryovers.

    For many of us, a ST large distribution like this is a blessing.

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