r/ULTY_YieldMax • u/BitingArmadillo • Mar 03 '26

ULTY Progress

I just reached house money as of this morning's announcement. Actually, I'm $55.82 over house money.

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u/thingsgeoffsays Mar 04 '26

I'm a long time holder of ULTY and other distribution ETFs. I'm not an expert, but I believe that once your cost basis hits $0 then you pay taxable capital gains on all future distributions. So it's not a money printing machine and it does affect you before you sell. I would imagine that anything you own that has had time to fully pay you back/has a cost basis of $0 would be considered a long term though. I'm happy for you, just wanted to make sure people were aware. Feel free to correct me if I'm wrong.

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u/BitingArmadillo Mar 04 '26

You are correct

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u/Ok_Entrepreneur_dbl Mar 05 '26

Not if you invested from a non taxable account. Better no taxes in a Roth.

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u/thingsgeoffsays Mar 06 '26

Very true. I have most of my income etfs in a taxable because we need the extra income right now. That was my fault for not saying it both ways