How to enter IAU Gold Trust ETN transaction reported on 1099-B as collectible

Forum|Forum|1 year ago
March 11, 2025
2 replies
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I've held the IAU Gold Trust ETN for many years and have no trouble entering into Turbotax Premier the small monthly sales that are reported on my 1099-B to cover the fund expenses. The gain on these transactions should be reported as a collectible sale. In the past, I had no trouble entering the investment type as collectible for these transactions when I enter them with the rest of my 1099-B transactions, but the option to select "collectible" as an investment type appears to be gone in 2024 Turbotax Premier. How do I enter these collectible transactions reported on my 1099-B?

ThomasM125

To enter you collectible sale in TurboTax Premier, first choose the Other investment type on the screen that says Ok, let's start with one investment type:

Later, you will see the option to choose "Collectible" on the screen that says Now, enter one sale for (name of investment), it will be an option next to the caption What type of investment did you sell?:

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CA_TaxpayerAuthor

Seems pretty clunky compared to previous years where I entered stocks, funds and collectibles for each of the many 1099-Bs I receive and get a summary of the total combined proceeds for each brokerage account. How can I do that now?