When you sell, inherit or give it away
Which moment creates the liability and what the gain is calculated from. Sales at a profit, sales at a loss, metal that arrived by inheritance, and metal given away.
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Capital Losses on Gold: Netting and the Personal-Use Trap
Losses offset gains of the same character first, then across. A loss on jewellery held for personal use is generally not deductible at all.
intermediate -
Gifting Gold: Tax Rules for the Giver and Receiver
Learn how gifting gold works for tax: no gain at gift, but the recipient inherits your basis. Annual exclusion, reporting thresholds, and future sale tax.
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Gold Capital Loss: Can a Loss on Selling Gold Be Deducted?
Learn how a loss on selling gold is treated for tax purposes. Understand the difference between personal-use and investment gold, and what the IRS allows.
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Inherited Gold and Estate Tax: Two Separate Questions
Whether an estate owes tax and what basis an heir receives are different questions. For most heirs the second one is what matters.
intermediate -
Selling Gold: Taxes on the Gain
Learn how gold sales are taxed in the U.S.: what triggers the gain, the collectibles rate, and why records matter. Includes a comparison table and common mistakes.
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Selling Inherited Gold: Tax Rules and Basis
Learn how inherited gold is taxed when sold, including basis rules, holding periods, and reporting requirements. Understand the rules before you sell.
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Wash Sale Rules and Precious Metals: The Line
Section 1091 reaches stocks and securities. Physical bullion is a collectible, but a gold ETF or a mining share is a security and does fall under it.
intermediate -
Why Gold Is Taxed Differently from Stocks
Understand why gold is taxed as a collectible at a higher rate than stocks, how the gain is calculated, and what records matter.