Deductions & credits

Your ETF would be taxed as a capital gain.  How long you held your bond for would determine if it was a short-term or long-term capital gain.

In general;

If you sell after less than a year, your ETF will be taxed as a short-term capital gain. Short-term capital gains have a significantly higher tax rate than long-term capital gains.

If you hold on to your ETF for more than a year, it is taxed as a long-term capital gain.

Capital gains and losses are found on Schedule'D of your tax return.

You can preview your tax return before you e-file, 

To view your return: 

1. Sign in to your TurboTax account.
2. Open or continue your return.
3. Select Tax Tools from the menu (if you don't see this, select the menu icon in the upper-left corner).
4. With the Tax Tools menu open, you can then:
   • Preview your entire return: Select Print Center and then Print, save or preview this year's return (you may be asked to register or pay first).
   • View only your 1040 form: Select Tools. Next, select View Tax Summary in the pop-up, then Preview my 1040 in the left menu.

You can preview your return in the TurboTax Desktop software by following these steps:

1. With your return open in TurboTax, select Preview from the File menu at the top. (If you don't see "Preview," open your return, not just the program).
2. In the pop-up window, choose the set of forms you wish to see (all official forms, specific forms, etc.) and select Preview.
3. Scroll down to view all the forms if you choose to preview multiple forms.

Click here for additional information on taxes on investments.

Click here for information on long and short-term capital gains.