Question on Form 8949

[Bob58]

I have a gold commodity that I purchased in 2022. Each month a portion of the Gold is sold to pay off expenses. Here is what I have so far for form 8949:

BOX B (date acquired): 9/22/22

BOX C (date sold): 1/21/25

BOX D (proceeds): $16

BOX E (basis): $10

BOX F (code): I think this should be "E" ??

BOX G (adjustment): What should this be?

BOX H (gain/loss): What should this be??

Thanks

[Karl]

FYI for the future that you posted this into the "Intuit Tax Advisor" section of this user forum. That's for how to use the product "Intuit Tax Advisor," not actual tax questions. This section of the forum doesn't get a lot of traffic, so that's probably why no one has commented. I'd put this in the "Tax Talk" or your specific prep software's forum in the future.

So on the 8949, first off, highly recommend you read the form instructions. I think a lot of this will be answered there.

I would use code "C" not "E." Unless you have a basis adjustment, column (g) should remain blank. This is how I'd present it based on what you shared.