Hi,
Thanks so much for the advice!
In this case, I didn't make any sale.
I purchased gold ETF "WORLD GOLD TRUST SPDR GLD MINIS ETF" through a brokerage. So, it's not inherited.
From the ETF's website, I found this info:
"Because the Trust sold only a de minimis amount of gold for payment of Trust expenses during the year and made no distributions of sale proceeds to its Shareholders, under Treasury Regulations Section 1.671-5(c)(2)(iv)(B) neither the Trust nor brokers are required to report the gross proceeds of Trust sales to Shareholders on Form 1099B. Certain brokers may nevertheless elect to report these proceeds to their customers on a composite Form 1099B"
So, these proceeds are reflecting those trust expenses.
I'm still not clear on what cost basis to use for these records. On the 1099-B I received from my brokerage, I see cost basis as ....
Can you advise on what cost basis, I should be using while filling it on Turbotax?
