Leveraged ETFs in Tax-Advantaged Account

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    lthreatt
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    I recently transferred a Traditional IRA from a RoboAdvisor to Fidelity and intended to use a variation of the Max Drawdown less than 10% portfolio. However, I wasn’t aware until today that some leveraged ETFs are set up as Limited Partnerships and generate K-1s instead of 1099s. Fidelity permits leveraged ETFs in my IRA but I’m wondering if I should re-think my portfolio. Do any of you with a tax-advantaged account receive K-1s and is it really that big of a deal in terms of taxes?

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