Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there different tax implications for investors in gold ETFs versus other ETFs?

0
Posted

Are there different tax implications for investors in gold ETFs versus other ETFs?

0

Yes. Investor gains realized from gold ETFs are taxed as if that investor owns the underlying gold. This means that taxes are levied at a higher rate than capital gains. While the tax rate on the majority of long-term capital gains rests at 15 percent, gains recorded on the sale of “collectibles” (such as gold bullion) held for a period of greater than one year face a maximum tax rate of 28 percent.

Related Questions

Thanksgiving questions

*Sadly, we had to bring back ads too. Hopefully more targeted.