% | $
Quotes you view appear here for quick access.

Royal Gold, Inc. Message Board

  • zorba_da_geek zorba_da_geek Dec 19, 2012 11:43 PM Flag

    are capital gains from selling royal gold shares

    subject to the higher collectibles tax rate, i.e.

    is this company considered to be a lookalike ETF

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • According to the IRS, the 28% rate applies to capital gains on the sale of works of art, rugs, antiques, precious metals such gold, silver and platinum, gems, stamps, coins, and alcoholic beverages held for more than one year. And as pointed out by Don Dion in, if you hold shares in a gold bullion-backed exchange traded fund, your gains would also be considered gains on collectibles subject to the 28% rate. If you held the collectible item for less than one year, the gain would be taxed at your ordinary income tax rate.

48.94+0.92(+1.92%)Aug 28 4:00 PMEDT