GeorgeM777
Expert Alumni

Investing

We some additional information to better understand your tax situation.  With regard to the SLV transactions reflected on your 1099-B, do those represent sales by you?  If not, then the sales are likely sales by the SLV Trust in connection with paying Trust expenses.  For those sales, Trust investors need to calculate their cost basis for each sale.  These sales could result in a gain or loss and thus need to be reported.  

 

For SLV, iShares prepared an excel spreadsheet which contains the Tax Reporting Statement, 2022 Gross Proceeds file, and an Example of how an investor in SLV can calculate their gain or loss.  You can find this document by entering 2022 SLV Grantor Trust Tax Reporting into a Google search bar and the first search item should be the document you need to access.  Use the tabs at the bottom to access the various documents. 

 

@RUdtsMT 

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