Tax Strategy at Monetary Metals

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A

AuAg

Fly on the Wall
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Is doing a silver-to-gold conversion within Monetary Metals a taxable event?
 
AuAg said:
Is doing a silver-to-gold conversion within Monetary Metals a taxable event?
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I think the IRS would call it eligible for capital gains tax if the silver price has risen, as it is not "like for like".
You might make a good argument for swapping one-ounce gold eagles for tenth-ounce eagles, though.
 
Someone_else said:
I think the IRS would call it eligible for capital gains tax if the silver price has risen, as it is not "like for like".
You might make a good argument for swapping one-ounce gold eagles for tenth-ounce eagles, though.
Click to expand...
ChatGPT agrees with you.
 
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