VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[Toofuzzy]

Eric

Regarding filling out you tax form.

It is very easy now that the brokers are required to provide all the cost basis information.

You put all reported short term gains on one line and all reported long term gains on another.

There is another line for unreported cost basis for long term.

You can be a day trader and still put it all on one line.

Of course svxy goes on a separate form because part of its gains are concidered long and part short.

You can always just trade in a tax sheltered account and not worry abut reporting your sales at all!

Not always
Toofuzzy