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what does that basically mean for someone who owns them in a taxable account? Are you subject to more taxes on capital gains?
bb, I wrote a letter to my accountant this morning concerning this issue and I will gladly share her advice with the board as soon as I get a response.JB
Yes! You do NOT get the favorable CG treatment and the IRS may levy penalties. At the very least you will incur extra compliance costs.Get these stocks OUT of your taxable accounts or file the QEF election form.