According to the SPDR Gold Trust Reporting Statement, 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 certain Treasury Regulations neither the Trust nor brokers are required to report the gross proceeds of Trust sales to Shareholders on Form 1099B. However, certain brokers may nevertheless elect to report these proceeds to their customers on a composite Form 1099B, and it appears your broker elected to report such proceeds.
Included below is a link to the 2021 Reporting Statement for the SPDR Gold Trust ETF. On page 11 of the Reporting Statement is an example of how a hypothetical customer can calculate gain or loss in connection with the Gold Trust's sale of gold to pay Trust expenses. You may find this information helpful.
2021 GLD Reporting Statement
@JeffK8850
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
