The US Treasury and IRS have issued warnings targeting wealthy investors and advisors using Section 351 exchanges to create ETFs that defer capital gains taxes. This strategy involves transferring appreciated stocks into newly formed ETFs to avoid recognizing gains, which tax authorities now deem abusive if done to merely avoid taxes. Treasury Secretary Scott Bessent emphasized that such tax dodges will not be tolerated and clarified that these conversions do not work under existing law. The IRS and Treasury are seeking comments on new guidance and may impose stricter rules, especially on quick portfolio changes after ETF creation, signaling significant changes for high-net-worth investors using these tax strategies.
The US Treasury and IRS crackdown on ETF tax strategies provides context for financial markets. For readers following Financials, here is Pluang's market snapshot as of Oct 02, 2026 20:41 WIB: Among 85 priced Financials-sector US stocks, 49 rose and 33 fell. Carlyle Group Inc (CG) rose 2.48% to USD 41.39 with a typical hold time of 113 days, while Sezzle Inc (SEZL) gained 2.23% to USD 112.16 amid 100% sell order activity, and Nu Holdings Ltd (NU) dropped 2.18% to USD 13.00 with 90% buy order activity and a 53-day hold time.
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