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GLD Gold Tax

GLD Gold Tax
  • #: 19462
  • Price: $2.99 In Apple Store
  • Category: Finance
  • Updated: 2011-02-24
  • Current Version: 1.0
  • 1.0 (iOS 4.0 Tested)
  • Size: 0.40 MB
  • Language: English
  • Seller: Ilya Goberman
  • Requirements: Compatible with iPhone, iPod touch, and iPad. Requires iOS 3.0 or later
  • © Ilya Goberman
  •  Add to Favorite apps

 

Description

SPDR Gold ETF fund (GLD) sells small amount of gold every month to cover expenses. If you own GLD, you need to reflect these sales as profit/ loss on your tax return even if you do not sell any shares!

Calculating profits for these “expense” sales is complex and tedious. These also reduce your original cost basis you need to keep track of. Most accountants will not know how to calculate taxes for GLD and you can spend hours trying to understand the right way to do it.

The application will calculate Profit/ Loss for all your GLD holdings and provide instructions on how to enter it in your tax return.

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The information may be outdated (2011-03-27 22:43:09). For actual information go to iTunes

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