The IQD as we know is going to be treated as ordinary income. It is not going to be treated as capital gains. It can’t be, that’s impossible. This is how this works. You take your IQD in your lovely little hands and you go to your local bank and you exchange it for dollars. As soon as that happens you have a taxable event (except under the umbrella of a C.R.U.T) …What you did is step into the highest tax rate possible. This is the one that’s going to grab you. Now what’s really interesting is under the Biden administration anybody who makes over a million dollars is really going to get bit.
So when you take a look at the IQD and all the dreams you got affiliated and attached to it you got to remember you’re going to have to have some constraint unless you’re willing to give up almost 60% of your gains. Are you really willing to do that? Are you willing to give up that much simply because “I don’t care” and you run down to the bank and cash it in? It will creep up and bite you in the butt