Tax efficiency and tax complexity of holding TIPS etf in taxable account

Some sources say holding TIPS ETF in taxable account is tax inefficient due to phantom income (aka. inflation adjustment) in spite its earnings being state and local tax exempt. Do you get a simple straightforward 1099-DIV that covers both inflation adjustments, and ordianry dividend earnings without getting 1099-OID, and 1099-B. Is getting inflation adjustment really that bad on your tax bill, and create tax complexity? I tend to think holding individual TIPS bond would more likely create headaches and complexity during tax time. Do you get simple 1099-DIV covering both inflation adjustment and dividend earnings if you hold SCHP or TIPS etf in a taxable account? Do you get tax on capital gain, if any, in the year you sell any shares of SCHP or TIPS, and is that when you get 1099-B?