Treasury Sec. Bessent, IRS crack down on ETF strategy the wealthy are using to avoid capital gains taxes — Live Feedhttps://www.live-feeds.com/feed/treasury-sec-bessent-irs-crack-down-on-etf-strategy-the-wealthy-are-using-to-avoid-capital-gains-taxesContinuously updated, source-cited coverage. Treasury and IRS Target Wealthy Investors Using ETF Tax Strategieshttps://www.live-feeds.com/feed/treasury-sec-bessent-irs-crack-down-on-etf-strategy-the-wealthy-are-using-to-avoid-capital-gains-taxeshttps://www.live-feeds.com/feed/treasury-sec-bessent-irs-crack-down-on-etf-strategy-the-wealthy-are-using-to-avoid-capital-gains-taxes#u104259Mon, 05 Oct 2026 22:57:23 +0000Treasury Secretary Bessent and the IRS are cracking down on an ETF investment strategy used by wealthy investors to avoid capital gains taxes. On September 28, 2026, the agencies issued Revenue Ruling 2026-20 and Notice 2026-62 to target these arrangements. The IRS specifically flagged 351 conversion transactions as potentially abusive. This action targets not only the investors but also the financial, tax, and investment advisors who facilitate these strategies to shield income from taxation.Why it mattersThese strategies functioned as tax black holes for capital gains. The Treasury is now cl