7959 / What are the exceptions to the general rules for how ETFs are taxed?

There are exceptions to the general tax rules for ETFs (discussed in Q 7957 and Q 7958). Understanding the particular tax rules that apply to the sector in which the ETF belongs can help in understanding these exceptions, because if the ETF fits into certain market sectors, it must follow the tax rules that apply to that sector rather than the general tax rules. Currencies ( Q 7960), futures ( Q 7961), and metals ( Q 7962) are the sectors that receive special tax treatment.