any longterm holder will probably recognize this problem.
in the hopes of simplifying tax issues with metals, i have\will sell any given gold etf all at once.
when any etf was a small amount, it was not a big issue pre-covid that i simplified this and probably overpaid taxes.
for me, the boxes i refer to are the dozens of small transactions listed on the 1099 as
UNDETERMINED TERM TRANSACTIONS FOR NONCOVERED TAX LOTS
box 1d- Proceeds & 6- Reported
in looking for a simplification, let me know whether :
a. you import\keep these yearly entries unaltered in turbotax (or whatever being used)
b. you have a simple calculation to collapse and manually use a single entry per etf per year
c. you ignore\remove
and the real issue, what tax simplification is viable at the time of selling the entire etf (especially when one bought multiple lots) !
shares issued for each paid lot is easy to find, as is total $ received at sale.
