Tax Treatment Precious Metal ETFs

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The IRS treats ETFs backed by physical precious metals as collectibles. Collectibles carry a 28% top federal tax rate on long-term capital gains. Stocks, bonds have a 20% top tax rate on long-term profits.

ETF Newz Says:

2022 could be an interesting tax year for those who made money in the recent metals rush. They might get a surprise come tax-day next year.

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