SPDR Gold Trust Info on Consolidated 1099?

[MarkLondon]

I purchased SPDR Gold Trust Shares in 2025 but did not sell any of the shares during the year.   There are no transactions being reported on the 1099-B section of the Consolidated 1099, but there are monthly factors and amounts shown in the information section of the 1099 labelled "Commodity Trust WHFIT Information".  It's unclear to me what these amounts mean.  Are they gains from selling gold inside the trust to pay expenses and therefore taxable gains?  Are they the actual expenses borne by me as the investor which are not currently deductible?.  Or are they amounts that I should reduce my basis in the gold trust shares when or if I ever sell some or all of my holdings?  

Any assistance is greatly appreciated.

[M-MTax]

They are sales by the trust (the ETF) to pay expenses to run the fund. 

You can report them as such and then subtract your basis from the sales proceeds. There should be a factor somewhere in your statement for the purposes of determining your basis for the share(s) sold.

[MarkLondon]

But none of my shares were sold.  I still own the same number of shares now as when I purchased them.  So I don't understand how this works.  

I appreciate that the fund has expenses and I think they might have sold some gold inside the trust to pay those expenses, but none of my actual shares in the trust were sold.   

If they sold gold inside the fund to pay the expenses, I would expect the proceeds of that sale to be income to me but offset by the expense so no net income.  But then again, I'm not sure I understand really how this works.

[M-MTax]

There's already a thread on this board re this topic:

https://ttlc.intuit.com/community/retirement/discussion/what-is-the-proper-way-to-adjust-the-cost-ba...

It's a long one but it's worth reading through all of the posts.

[MarkLondon]

I read that thread but the scenario seems different than mine.  In that thread the person is describing actual sales on a 1099B and they need to adjust their cost basis on those sales using the expense factors.

But I have no sales on the 1099B and none of the shares in the gold trust were sold.

[M-MTax]

The only thing I can suggest at this point is to hit the link below and review the Tax Information section on the GLD web site. The PDF is long but there are examples on the last 2 pages.

https://www.spdrgoldshares.com/usa/gld/

Re your 1099-B, you may not see it because a de minimis amount of gold is sold by the fund. Some brokers report it (mine do) anyway.