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Fedizen@lemmy.world 2 weeks agoI think actually in the US you could file the gold under capital gains and get a better tax rate. Though outside the US the USD are probably a wiser choice.
Comment on Title
Fedizen@lemmy.world 2 weeks agoI think actually in the US you could file the gold under capital gains and get a better tax rate. Though outside the US the USD are probably a wiser choice.
TranscendentalEmpire@lemmy.today 2 weeks ago
Nah, in the US gold is considered a “collectible” and is taxed at the maximum federal rate of 28% when sold. Capital gains would only apply to something like stock in gold index funds or mining companies.