During the past year, TD Ameritrade and Schwab merged. I hold a few shares of the SPDR GLD trust, which sells a little gold (from each shareholder's account) each month to cover their expenses. The 2023 TD Ameritrade 1099 I received that covers the first five months of the year DOES show those sales (w/o a basis - but I know how to calculate that.)
Note that these sales are not me making the sales, the sales are made by the trust, but being such a trust, they pass that expense on by selling their customers' shares, and reporting those sales to the broker. There is also a PDF they issue each year that details those sales, so that one can calculate the capital gains and resulting change in basis.
One Schwab rep. tried to tell me that although TD Ameritrade did report those expense-covering sales, Schwab does not - which I have a hard time believing. I have currently escalated that within Schwab, but am interested in hearing from other Schwab customers if their 1099s do show those sales.
And, if Schwab isn't going to issue a 1099, how in the heck do I get that into Turbo Tax (Premier) -- especially since I wouldn't have a corresponding paper 1099.
Thanks.
JRJ
