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Bitcoin ETFs Are Making Tax Time More Difficult. How to Navigate the Confusion.

Bitcoin ETFs Are Making Tax Time More Difficult. How to Navigate the Confusion.

The advent of Bitcoin exchange-traded funds has deepened the confusion about the proper reporting of digital assets at tax time. The uncertainty comes as Bitcoin has been on a tear, leaving some investors with capital gains and others with FOMO, or fear of missing out. Many financial professionals view cryptocurrency as a speculative asset rather than an investment, and approach it with caution for retirement savers.