Commodity ETFs that hold the physical gold, silver, or other precious metal bullion are reported as grantor trusts for tax purposes, as more fully explained on the Commodity ETFspage.
These calculators can help you with the extensive math required for the proper reporting of investment expense deductions and capital gain or loss realized each time ounces are sold at the fund level to pay operating expenses.
Click on the images belkow to access the calculators for the commodity ETFs with stock ticker symbols GLD, IAU, SLV, PALL, PPLT, and SIVR.
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SPDR® Gold Shares Calculator (stock symbol GLD) for investment expenses and capital gain/loss recognized at each expense payment date.
SPDR Gold Shares (GLD) calculator
iShares COMEX Gold Trust calculator (stock symbol IAU) for investment expenses and capital gain/loss recognized at each expense payment date.
iShares COMEX Gold (IAU) calculator
iShares Silver Trust calculator (stock symbol SLV) for investment expenses and capital gain/loss recognized at each expense payment date.
(stock ticker PPLT) for investment expense deduction and capital gain/loss recognized at each expense payment date.
ETFS Platinum Calculator
ETFS Physical Silver Shares(ticker SIVR) calculator for investment expense deduction and capital gain/loss recognized on sale of ounces to pay monthly operating expenses.
ETFS Silver Calculator
Information provided is intended solely for cash-basis U.S. citizen individual taxpayers and is believed to be accurate for most cases but is not guaranteed. Always consult your personal tax advisor about your own situation. Suggestions are most welcome. Please email costbasis@gmail.com with your comments. If this website has been helpful to you, please consider making a donation to support our efforts.
