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Investors & landlords
Hi. I have a similar question regarding ISHARES GOLD TRUST. On my 2023 1099-B I have 10 small gold trading expenses (1 per month) totaling $11.62 under "Noncovered Securities with Undetermined Holding Period". No "Date Acquired" or "Cost Basis" is provided on my 1099-B which TurboTax "needs review".
I have "Date Sold", "Proceeds" and "Federal Income Tax Withheld" (Box 4 which is $0) only. However, I do have a Commodity Trust sheet that listed "Trade Date" (same as "Sold Date"), "Number of Shares" (all 0, same as "Quantity"), "Investment Expenses" (totaling $11.62), "Proceeds" (totaling $11.62) and finally "Percentage of Assets Sold" (all 0 essentially, small fraction, ex: 0.0002030 for one of the 10 line items). (FYI, "Investment Expenses" and "Proceeds" are identical values; ex. $1.13 and $1.13 on 3/31/23 Trade and Sold Date.) Can I use some this information for the "Date Aquired" and "Cost Basis" needed to TurboTax? Thank you very much.
March 8, 2024
5:19 AM