Joined Oct 2017
L6: Expert
Forum Thread
If you started buying precious metal ETF last year (e.g. IAU), you are in for a rude surprise!
February 15, 2026 at
10:00 AM
in
Finance
(2)
Thread Details
I received my 1099-B and I want to cry!
Each month IAU liquidates some of the gold to pay for its expenses (0.25%). Each of the sale is listed as a transaction.
Brokerage reported all of them without cost basis.
Here is a calculator to help figure out the cost basis EACH MONTH.
https://costbasistools.
You enter your purchase date, number of shares and cost. It will generate a table. The monthly proceed should match.
Because assets were sold, I have to adjust my original cost basis as well.
God help you if you have bought and sold multiple lots!
Each month IAU liquidates some of the gold to pay for its expenses (0.25%). Each of the sale is listed as a transaction.
Brokerage reported all of them without cost basis.
Here is a calculator to help figure out the cost basis EACH MONTH.
https://costbasistools.
You enter your purchase date, number of shares and cost. It will generate a table. The monthly proceed should match.
Because assets were sold, I have to adjust my original cost basis as well.
God help you if you have bought and sold multiple lots!
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Anyone interested ... Gareth Soloway is very good at what he does.
Each month IAU liquidates some of the gold to pay for its expenses (0.25%). Each of the sale is listed as a transaction.
Brokerage reported all of them without cost basis.
Here is a calculator to help figure out the cost basis EACH MONTH.
https://costbasistools.
You enter your purchase date, number of shares and cost. It will generate a table. The monthly proceed should match.
Because assets were sold, I have to adjust my original cost basis as well.
God help you if you have bought and sold multiple lots!