Capital Gains Tax on Precious Metals: Is Gold Taxed Differently Than Other Investments?Capital Gains Tax on Precious Metals: Is Gold Taxed Differently Than Other Investments?Capital Gains Tax on Precious Metals: Is Gold Taxed Differently Than Other Investments?
Gemini / GooglePrecious metals can be an important hedge against risk in your portfolio, but they don’t come without costs. Many investors assume gold and silver are taxed the same way as stocks and bonds, but the IRS classifies these assets differently. When it comes to selling metals, this can make a serious impact on how much profit you take home. In fact, because the IRS classifies most precious metals as…