Exchange-traded notes (ETNs) are structured either as debt securities or prepaid executory contracts, and that makes a critical difference in tax treatment. When it comes to ETN prepaid executory contracts, consider deviating from the 1099-B to reverse out wash-sale loss adjustments on these ETNs.
from Forbes Real Time https://www.forbes.com/sites/greatspeculations/2018/05/20/etns-have-different-structures-with-varying-tax-treatment/
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