I'm trying to understand the tax consequences of loaning securities to one's broker in the United States: The dividends of the loaned security are being paid as payment-in-lieu, which is taxed as income. Long-term capital gains/losses made on the loaned security will not be turned into short-term capital gains/losses. Is there any other tax consequences of loaning securities to one's broker aside from the dividends being paid as payment-in-lieu taxed as income?

What are the tax consequences of loaning securities to one's broker aside from the dividends being paid as payment-in-lieu taxed as income?

I’m trying to understand the tax consequences of loaning securities to one’s broker in the United States:

The dividends of the loaned security are being paid as payment-in-lieu, which is taxed as income.
Long-term capital gains/losses made on the loaned security will not be turned into short-term capital gains/losses.

Is there any other tax consequences of loaning securities to one’s broker aside from the dividends being paid as payment-in-lieu taxed as income?

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