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$T-Rex 2X Long Nvidia Daily Target ETF (NVDX.US)$ isnt the p...
$T-Rex 2X Long Nvidia Daily Target ETF (NVDX.US)$ isnt the price $17.40? why its $15 now
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10baggerbamm : you got a distribution..2.16 per share
Darren2 OP 10baggerbamm : Does it mean now I have a loss? Cause I’m down by $600
10baggerbamm Darren2 OP : so that's the really difficult thing and you got to talk to your accountant.
they're going to show this as a dividend.
like a utility company pays dividends quarterly that's income
however let's suppose you're in my boat I sold puts I got put this ETF at $18.50
it traded down below 15 one or two days it's now traded back up to 17 and change.
now there's a $2 distribution.
I'm still at a loss.. the new net asset value is $15 plus the 2=17 my cost basis is 18.50
so what you need to do is do a screenshot right now of this screen that shows the gap down in the price that shows the distribution what you get per share and when it comes time for your taxes this is something that you need to show your accountant because if your brokerage firm shows this is a dividend you're getting taxed on it even though you're at a capital loss relative to your purchase price and this is really again it's not a dividend it's a distribution.
the $2 in change per share gets posted typically the following week so sometime next week you'll see a cash distribution in your account
Darren2 OP 10baggerbamm : Thank you so much for taking the time to explain. I’m from Singapore, and we don’t have such practices nor tax on dividend. So do I have to get some accountant or tax guy in order to get my money back? Or we still get tax as it’s a US stock?
10baggerbamm Darren2 OP : I have no idea how your country is different how it's done.. I mean if you don't pay taxes in your country I'm moving there
10baggerbamm Darren2 OP : you're going to get it in your account so next week sometime probably Thursday Friday because New Year's Christmas you know screws everything up but you will see a distribution tied to this ETF in a one line and you'll see the cash amount equal to the exact amount of shares times the distribution amount of $2 and change per share
Darren2 OP 10baggerbamm : Hehe okay if I really receive it without tax, I’ll let you know
101667813 10baggerbamm : Singapore does not tax on capital gains from stock trading or lottery winnings, i.e. windfalls. However whatever dividends paid out from US stocks will still incurs a loss of 30% tax for the US government, this is automatically handled by the moomoo app.
103848529 101667813 : how about profit gain from selling stocks?
101667813 103848529 : Not taxed.
IRAS | Sale of property/shares/financial instruments gains
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