How Commodity ETFs and Options Are Really Taxed (Money Show)

08 Jul

Jul 08, 2026 at 10:05 am EST

Commodity ETFs such as USO, UNG, and other futures-based products can create unexpected tax complications for traders and investors. In this session, CPA Robert Green explains how commodity ETF structures affect K-1 reporting, §1256 treatment, wash sales, §475 mark-to-market rules, and listed options. 

Learn why selling a commodity ETF is often taxed differently from the futures contracts held inside the fund, how Form 8949 basis adjustments can prevent double taxation, and why listed options on commodity ETF PTPs may not automatically qualify for §1256 treatment. 

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