anyone have experience/thoughts on Interactive Brokers Stock Yield Enhancement?

[Guest]

Hey all,

 

I've been thinking about joining the program. One concern is dividends. It looks like they try (but may not be successful) in getting shares back before dividends to help with taxes. Does anyone have any thoughts on the program or experience? Thanks!

[Jurgis]

This was discussed before, try to search.

 

Can't be done in tax-deferred accounts IIUC.

 

Even in taxable accounts, your tax reporting goes pro+complicated IIRC.

 

There were some other caveats that I don't remember.

 

Might be best for hedge funds?

[Guest]

found it. thanks jurgis!