Turbotax is preventing the filing process - It needs an entry for the holding Period for SPDR GOLD SHARES ETF. The term says “undetermined” on my 1099-B. Entering “No Entry” in TT results in an error and TT is not letting me file.
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when did you buy into this fund?
That is the Acquisition Date.
the dates will determine whether it is Long Term or Short Term.
That is very useful. thanks for the explanation and links.
From the tax perspective, TT imports the main GOLD ETF record and also multiple lines for Principal Payments with this small fraction value and sets it as "unknown term basis not reported to IRS". My guess, that TT does everything right, but still it requires me to review something. And I do not understand what might be missing there.
Yeah, this is ridiculously undocumentable.
Hi,
I am having a similar issue where I just bought the GLD ETF (2020) but did not sell them. I do see the individual line and a set of lines in fees with negative amounts.
How were you able to finally go past the "Need Review" stage ?
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