"Currency ETFs do not generate capital gains or losses, but rather ordinary income or losses..." (longer quote in question) Does that mean I can use a loss to reduce ordinary income (e.g. salary) to an unlimited amount? Or is it limited to $3,000?

"Special treatment for certain ETF losses

Currency ETFs do not generate capital gains or losses, but rather ordinary income or losses. This means that losses on the sale of shares in these ETFs produce ordinary losses that can be used to offset ordinary income, such as wages and bank interest."

https://www.fidelity.com/learning-center/investment-products/etf/tax-rules-for-losses-etfs

Submitted October 13, 2018 at 09:42PM by niddy29199 https://ift.tt/2ROf1Fq