Wealthmanagement iconWealthmanagementSep 29, 2026

‘Black Holes’ for Capital-Gains Tax Come Under Treasury Fire

The IRS drew new boundaries around 351 conversions, targeting cases in which, as part of a prearranged plan, an ETF effectively serves as a conduit to convert one set of appreciated securities into a materially different portfolio without an immediate tax bill.

‘Black Holes’ for Capital-Gains Tax Come Under Treasury Fire

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The IRS drew new boundaries around 351 conversions, targeting cases in which, as part of a prearranged plan, an ETF effectively serves as a conduit to convert one set of appreciated securities into a...

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The IRS drew new boundaries around 351 conversions, targeting cases in which, as part of a prearranged plan, an ETF effectively serves as a conduit to convert one set of appreciated securities into a materially different portfolio without an immediate tax bill.

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The IRS drew new boundaries around 351 conversions, targeting cases in which, as part of a prearranged plan, an ETF effectively serves as a conduit to convert one set of appreciated securities into a materially different portfolio without an immediate tax bill.

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