I HAVE AN PROCEED ENTRY FROM 1099-B LIKE THSI, HOW DO I REPORT?
UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS [Ordinary gains or losses are identified in the Additional information column] (Line 5)
Report on Form 8949, Part I with Box B checked or Part II with Box E checked. Basis is NOT provided to the IRS. (Line 12)
“Date acquired,” “Cost or other basis,” "Accrued market discount," "Wash sale loss disallowed" and “Gain or loss (-)” are NOT reported to the IRS.
1a- Description of property/CUSIP/Symbol
1c- Date
sold or
disposed
Quantity
1d- Proceeds &
6- Reported
(G)ross or (N)et
Date
acquired
Cost or
other basis
Accrued mkt disc (D) &
Wash sale loss
disallowed (W)
Gain or loss(-) &
7- Loss not allowed (X)
also not reported (Z) Additional information
VANECK MERK GOLD TRUST GOLD TRUST ETF / CUSIP: [social security number removed] / Symbol: OUNZ / Note: CL
05/29/20
0.000
0.05
N/A
...
...
...
Principal payment 16
Cost Basis Factor: 0.[social security number removed]
Totals :
0.05
THIS ALSO SHOW UP IN FRRE AND EXPENSE
This section of your tax information statement contains the detail of fees and investment expenses that are not accounted for in amounts reportable to the IRS on the various Forms 1099. You may wish
to consult with your tax advisor, the IRS or your state tax authority regarding the proper treatment.
These amounts are provided here to facilitate an accounting of all amounts received during the year and are totaled in the Reconciliations, Fees, Expenses and Expenditures found in the Summary
Information at the beginning of the statement.
Description
CUSIP and/or symbol
Date
Amount
Transaction type
Notes
VANECK MERK GOLD TRUST GOLD TRUST
ETF
[social security number removed] OUNZ
Note: CL
05/29/20
-0.05
Gross proceeds investment expense
15
-0.05
Total Gross proceeds invstmnt exp
