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Jan 29
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LONG
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Laura Walter
Founder/CPA, CryptoTaxGirl
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"These ones [ETFs] are easier... you'll get instead a 1099-B... It should have your cost basis fully on it. It should have your proceeds fully on it. So, it's a lot easier to report." The 1099-DA for spot crypto is described as a "mess" where cost basis is often missing. In contrast, ETFs offer a seamless 1099-B experience (standard stock reporting). The administrative headache of spot crypto will drive capital into ETFs for pure exposure without the paperwork. LONG. Institutional and retail capital will prefer the tax simplicity of the ETF wrapper over spot ownership. ETFs are subject to Wash Sale rules (30-day wait), whereas spot crypto currently is not, which allows for tax-loss harvesting in spot but not ETFs. |
Unchained (Chopping Block)
Your 2025 Crypto Tax Guide: What You Need To ...
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