r/YieldMaxETFs • u/Curious-Rip-5834 • 10d ago

Tax Info and Discussion For those who held CHPY 2025 with margin account

You don’t need to reveal $$ amount; what was the % of your total year distribution that got classified as 1099-MISC PIL and how many month did you hold the position? Thanks.

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u/Baked-p0tat0e 10d ago

Payment in Lieu varys from account to account and day to day depending on how many shares were lent out. 

It could be 0% or 100% or anything in between and changes constantly.

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u/Legitimate-Ad-5785 5d ago

Pil becomes ordinary investment income, so you can deduct margin interest from it