I have some capital losses in 2023's tax return I'd like to net out for 2024. I have the majority of my money in a 4.95% yielding Money Market that pays interest, and the proceeds are therefore taxed as interest income. Is there a publicly traded T-Bill fund that reinvests the interest so the share price appreciates as a capital gain vs. paying it out as a dividend?
I found $BIL, with a current yield of 5.09%, but is paid out as a dividend periodically, and such taxed as dividend income vs capital gains.
original posted by OkCap831 to r/personalfinance on Sun, 14 Apr 2024 15:56:52 GMT.