Guest curmudgeon Posted March 16, 2005 Posted March 16, 2005 How is everyone classifying Exchange Traded Funds on the Schedule H?
JanetM Posted March 17, 2005 Posted March 17, 2005 I would list them with corporate stocks. Logic being they trade more like stocks than mutual funds. JanetM CPA, MBA
Demosthenes Posted March 17, 2005 Posted March 17, 2005 Sorry JanetM, I have to disagree. I'd class them as Mutual Funds. ETF's are open ended investment funds organized under the Investment Company Act of 1940. http://www.sec.gov/answers/etf.htm http://www.law.uc.edu/CCL/InvCoAct/sec5.html
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