Monday, January 11, 2010

Gold ETF's taxed different?

Yes-because gold etf's are considered "collectibles" by the IRS, they are taxed at a 28% rate vs. the 15% rate for long-term capital gains( in taxable accounts). But wait there is more...if traded less than a year, it is taxed as ordinary income! Of course consult your bean counter for further deatils.!