CoinScoopIRS Targets Crypto ETFs Over Tax-Avoidance Strategies
The IRS has issued a notice targeting ETFs that utilize in-kind redemptions to defer or avoid taxes on digital asset gains. The regulatory move scrutinizes funds that bypass tax obligations by transferring assets to trading firms. While the notice does not name specific funds, it warns that future guidance could apply retroactively to past transactions. Comments on the proposed regulatory changes are due by October 28.
Summaries are written by AI from the original article. Not investment advice.