It depends. The cost basis for SPDR Gold Shares ETF will depend on the day you purchased. You may be able to check various websites for your answer, however if you do not have details and data to show your cost basis, it would be zero.
Needed for your tax return:
Cost basis or Zero
Holding period:
Long term is a holding period of more than one year (one year plus one day) and receives capital gain tax treatment (0%, 10%, 15%, 20%, 25% or 28% depending on your regular rate of tax and type of investment)
Short term is a holding period of one year or less and receives ordinary gain tax treatment (your regular rate)
Collectibles Tax Rate is used for SPDR Gold Shares: The Trust holds only gold bullion. Under current law, gains recognized by individuals from the sale of "collectibles," including gold bullion, held for more than one year are taxed at a maximum U.S. federal income tax rate of 28%, rather than the 20% rate applicable to most other long-term capital gains.
Enter the information in TurboTax by using the steps below.
Open your TurboTax Online return:
Select Tax Home on the left panel > Select any Income category or Pick up where you left off
Select Tax Tools > Tools > Select Topic Search > Type 1099b > Select GO (should be landed on 1099b)
Select Add Investments if your 1099-B is not yet present in your list
Continue to follow the prompts to enter the information yourself
Open your return in TurboTax Desktop:
Select Personal Income > Scroll to Investment Income > Select Stocks Cryptocurrency, Mutual Funds, Bonds, Other
Start or Update > Continue to follow the prompts to enter your 1099-B details
The sale of any investment is required to be included with your tax return, gain or loss. Information from the link below may be helpful