Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Has anyone had problems doing the GLD 1099B calculations entry into their taxes?

No. It's pretty straightforward. You have a Schedule D entry which shows the sales proceeds from the 1099-B as both the cost and the sales amount. The purchase date is the date you first purchased GLD.

You have a miscellaneous itemized deduction (subject to 2% AGI) for the same amount.

You need to reduce your cost basis in your records for the GLD you still own by the amount shown on the 1099-B.

Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.