- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
SPDR Gold Trust Proceeds and how to report them
I held SPDR Gold Trust shares in 2023 and never sold any of them. However, I see proceeds in my 1099-B form. I know these are the sales the trust makes to cover its expenses but for each sale, what do I put for the date acquired field on TurboTax? Is it okay if I just put the date of the sale as the date acquired? I am planning to put $0 for the cost basis for each sale too since I don't want to deal with trying to calculate them. I know I will be paying more taxes than I am supposed to this way but my total gain will be around $1 so no need to spend the extra time. I would appreciate all your help! If you have any advice as to how to determine cost basis for each, I am also open to them. Thank you!
March 30, 2024
2:06 PM