I bought some IAU in the 4th quarter of 2013. So far the returns have been positive (which is good), but I didn't know about the apparent tax complexity of dealing with this holding in a taxable account.
A portion of the fund is sold to pay expenses and the cost basis and capital gain/loss must be calculated and reported on Schedule D. The IAU guide to do this is 13 pages long.
I'm wondering if anyone else has dealt with this and knows of a template to calculate this. I can build my own but I'd rather not.
Words of advice to anyone else considering these holdings. Put it in a tax-protected vehicle...