Yes, you are. The Grantor Trust Tax Reporting Statement provides an example of how investors in GLD should report their pro rata sale of GLD that the ETF effects to cover GLD fees. Page 11 provides an example of what an investor should report on their tax return assuming they bought GLD during the year and held GLD at year end. This example seems to mirror your situation.
Therefore, review the steps provided in the example on page 11 and apply them to your situation to determine what you should report on your tax return. Moreover, keep your computations along with the Grantor Trust Tax Reporting Statement in the event you need to substantiate your calculations.
2022 Grantor Trust Tax Reporting Statement for GLD
[Edited 03/30/2023 | 8:55am PST]
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