I’m pleased to announce Dave Nadig is presenting at Basis Northwest, my taxable wealth innovation conference (May 28-29, 2026, in Seattle, WA).
Mark your calendars: Basis Northwest registration opens on February 11, 2026 (with a special deal for the first 20 practices that register).
The Tax-Aware Long/Short Working Group will have 1-2 breakout sessions at Basis Northwest.
Make sure to fill out the Tax-Aware Long/Short (TALS) Working Group Participant Survey (TPS).
As of this writing, 67 (yes, that number) of professionals have filled it out.
How do I know Dave?
Sometime in 2024, I sent Dave a cold message on LinkedIn (as one does).
I said I loved his recent post and then posed a quick question...
Did he need any help getting more qualified leads?
I’m kidding. We talked about ETFs and taxes.
For instance, A Comprehensive Guide to ETFs (2nd Edition) (Hill, Kashner, Nadig 2025) has several interesting bits on ETF taxation that later caught my attention.
Then Dave and I decided to pull a thread: ETF return-of-capital distributions.
Is ROC good, bad, a Ponzi scheme? Could they make “income” funds more tax-efficient? Should an ROC fund ever go into a tax-advantaged account? What about estate planning/step-up in basis?
What even is return-of-capital?
My comprehensive flow chart and our discussion are below.
Revisiting ROC is timely. A very large fund company is coming to market with an ROC-powered income ETF soon. This trend/tool/technique isn’t going away.
But first, a return-of-capital meme…