I finally found someone speaking about my situation. I received a Composite 1099 and it has the following short term transactions apparently made by the trust as I didn't sell anything short term.
SHORT-TERM TRANSACTIONS FOR WHICH BASIS IS MISSING AND NOT REPORTED TO THE IRS - Report on Form 8949, in either Part I with Box B checked or Part II
with Box E checked, as appropriate.
1a-Description of property
(Example 100 sh. XYZ Co.)
CUSIP Number / Symbol **
1b-Date
acquired
1c-Date
sold or
disposed
1d-Proceeds
6-Reported to IRS:
Gross Proceeds
(except where
indicated)
1e-Cost or
other basis
1f-Accrued
Market Discount
1g-Wash Sale
Loss Disallowed
Realized
Gain or (Loss)
4-Federal Income
tax withheld
SPDR GOLD SHARES ETF
/ GLD
P -- it lists disbursements for every month of 2024 with only date sold, not date acquired: Here's an example.
01/16/24
$ 156.04
I don't understand why I would have to pay short term capital gains on disbursements I never received. They are not listed in any of my statements, only on the 1099 Composite. How do I handle this? Advice is appreciated!
