If you started buying precious metal ETF last year (e.g. IAU), you are in for a rude surprise!
Thread created 02-15-2026 by kickerstarter
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Haven't bought yet, but it sounds like a headache. Don't know if GLD does the same, but I know that precious metals are taxed as ordinary income.
Anyone interested ... Gareth Soloway is very...
If you started buying precious metal ETF last year (e.g. IAU), you are in for a rude surprise!
Thread created 02-15-2026 by kickerstarter
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I received my 1099-B and I want to cry!
Each month IAU liquidates some of the gold to pay for its expenses (0.25%). Each of the sale is listed as a transaction.
Brokerage reported all of them...
If you started buying precious metal ETF last year (e.g. IAU), you are in for a rude surprise!
Thread created 02-15-2026 by kickerstarter
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That's why you use your Roth IRA to buy and sell. No taxes whatsoever.
If you started buying precious metal ETF last year (e.g. IAU), you are in for a rude surprise!
Thread created 02-15-2026 by kickerstarter
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Thank god i only have the gold eagles i bought from the bing cashback promo from years ago. Much easier to track when selling each coin.
If you started buying precious metal ETF last year (e.g. IAU), you are in for a rude surprise!
Thread created 02-15-2026 by kickerstarter
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Not exactly. They are treated as collectables and its long term capital gain rate is 28%.
