I read your interview with Matt Hougan today (2/2/24) about BITW vs BITB. One of the things that was not mentioned is that with BITW you need to get a K-1 in order to fill out a 990-T, and that there can be a long wait time (after April 15) before the K-1 is available. Why wasn’t this discussed as one of the things that the investor should take into consideration when comparing BITW and BITB?
True. But our conversation was aimed at those who already own BITW, and they already know about the K-1 issue. Although I could have emphasized for them that moving to BITB eliminates the K-1, it doesn’t necessarily simplify tax preparation obligations. It’s too complex a topic for a podcast, unfortunately, tho I may try to tackle it in the future.