I too have this issue with an SPDR GOLD ETF, my broker told me this regarding the $136.51 that is showing up as a basis not reported to the IRS:
There was no external distribution. You never received the $136.51. The internal sales were placed by the ETF to cover the .40% of expenses.
TurboTax is asking me to explain these proceeds and I have no Cost Basis, no Market discount, no Wash sale loss, and no Net Gain or Loss. The 1099B only shows proceeds of $136.51.
Any suggestions?
Thanks
Jeff
