Venus Model Agencies | Tax Headaches

Venus Model Agencies talks about another potential tax headache: difficult paperwork. Investors in some types of ETF's might get a Schedule K-1, a partnership tax form, from the IRS. Many financial advisers say the K-1 is more complex than the Schedule D, the form people usually use to report capital gains on stocks. Drew Tignanelli, the president of Financial Consulate in Hunt Valley, Md., says ETF investors who receive a K-1 will probably have to pay a bit more to their accountants but it's worth it. If you file a K-1 form, you really have to know what you are doing.

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