The next best thing is just holding a t-bill etf
Even if it’s 100K, the first 10k are dragging down your return 10%. So at 5% that first 10K is costing you 50bps per year.
The next best thing is just holding a t-bill etf
Even if it’s 100K, the first 10k are dragging down your return 10%. So at 5% that first 10K is costing you 50bps per year.
Can’t you reclaim this tax via DA-1 form?
That has nothing to do with that. You are still taxed on any income. DA-1 is for reclaiming lost withholding tax. And doesn’t even apply here, as US treasuries get that reimburse automatically down the line by ibkr.