I Made $54,000 in CC ETFs Last Year. Here's What I Actually Paid in Taxes.

What actually happens when your QQQI cost basis hits zero — and why I paid $0 tax on most of my covered call ETF income in 2025. In this video I break down the real tax treatment of JEPI, JEPQ, QYLD, SPYI, QQQI, and BTCI using my actual 1099 — Section 1256 vs Return of Capital vs ordinary income — and exactly where each fund belongs in your taxable, IRA, or Roth accounts. 0:00 The $4,500/Month CC ETF Income Tax Story 1:33 6 Funds, 3 Questions, 1 Big Reveal 2:27 How CC ETF Taxes Actually Work — The 3 Paychecks 6:03 JEPI, JEPQ, QYLD, SPYI, QQQI, BTCI Compared 11:50 Where Each Fund Belongs — Taxable vs IRA vs Roth 14:10 How I do my research 14:50 My Real QQQI 1099 — The $8,816 Reveal 17:19 What Happens When Cost Basis Hits Zero 20:50 The Honest Tradeoffs Nobody Talks About 22:55 Why I Sold JEPQ — And What I Bought Instead 🆕⭕ JOIN THE PERMISSION CIRCLE WAITLIST The #1 thing you’ve asked for: the spreadsheets behind these videos, the live Income 360 file (not just the twice-a-year edition), and a space to bring your questions to me directly. It’s coming. Join the early list here — founding members lock in the best rate for life: https://tremendous-designer-9856.kit.... 📊 Check out where I do my Stock/Fund Research + get 10% off by using the code “STEF” at https://stockanalysis.com/pro/?ref=st... 🔎 Save yourself hundreds of hours of research and get my Income 360 Guide with over 80 covered call ETFs and counting https://stan.store/JosephManuelGonzal... 🔔 Subscribe for more financial independence and money-making tips: @permissiontobewealthy Other Videos You'll Enjoy! 📂 Watch my full Covered Call ETF Playlist: Covered Call ETFs 🎥 How Do S&P500 Covered Call ETFs Work?: High Yield + Growth S&P500 ETFs: JEPI vs G... 🎥 The Best Covered Call ETFs - No NAV Erosion: The Best Covered Call ETFs - High Yields a... 🎥 Covered Call ETFs Explained: Covered Call ETFs Explained: Beginner's Gu... 🎥 2 Bucket Strategy: How Much $1M, $1.5M and $2M will REALLY get you in Retirement How Much $1M, $1.5M, and $2M REALLY Give Y... 🎥 JEPI vs SPYI - Which Does Better? I Ditched JEPI for SPYI | S&P500 Passive I... ───────────────────────────── DISCLAIMERS & DISCLOSURES This content is for educational and entertainment purposes only. Joseph and Stefanie do not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal. ───────────────────────────── AFFILIATE DISCLAIMER Some links are affiliate links, meaning I earn a small commission at no extra cost to you when you make a purchase. You can also use these storewide links below to support the channel while making other purchases. ───────────────────────────── Other Investing Resources: Vanguard https://investor.vanguard.com/ Fidelity https://www.fidelity.com/ NEOS ETFs https://neosfunds.com/ Global X ETFs https://www.globalxetfs.com/ JP Morgan ETFs https://am.jpmorgan.com/us/en/asset-m... Roll Over your 401k with Capitalise https://capitalize.sjv.io/permissiont... Stock Analysis (use code STEF for 10% off) https://stockanalysis.com/pro/?ref=st... #JEPQ #SPYI #QQQI #BTCI #JEPI #QYLD #CoveredCallETF #DividendInvesting #PassiveIncome #FinancialIndependence #RetirementIncome #TaxStrategy