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Level 2

Question

Gold ETF WHFIT Gross Proceeds Investment Expense Reporting

Forum|Forum|4 years ago
March 26, 2022
1 reply
3 views

Hello,

I hold ABERDEEN STANDARD PHYSICAL GOL D.
I haven't sold any share last year. I see that every month a small fraction is withheld and marked as Gross proceeds investment expense.
Based on other post, it seems that those Gross proceeds investment expense have to be withdrawn from the original price to determine the total profit the day I sell those WFHIT.
In the meantime what should I report for this year? Should I not report the loss?

Thanks,

Not A Product Question

Level 15

Those expenses are SELLs and if they add to a nontrivial amount you have to report them.

Level 2

Was able to find this interesting discussion on Reddit, hope that can provide more information to those in need.