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Cannot enter collectible sales from 1099B
When entering sales from 1099B the step-by-step view has you enter "What type of investment did you sell" but only have limited choices (stock, RSU, mutual funds ETF, options, bonds). But I needed to enter collectible for a precious metal ETF. You are forced to choose one of the listed options in order to go to the next step.
If you manually adjust the code "C" for collectibles in the forms view, it doesn't reflect on your 8949.
The consensus seems to be that ETF which just hold bullions of precious metals like gold, silver, etc are treated as collectible the same as if you hold physical gold, etc https://www.cnbc.com/2022/03/14/gold-silver-etf-owners-face-28-percent-top-tax-rate-on-capital-gains...
March 26, 2025
11:00 AM