Blog post

Collectibles and taxes

Collectibles and taxes

Collectibles are taxed at a higher capital gains rate than other assets. They include stamps, coins, metals (like gold and silver), antiques, rugs, and alcohol. The higher tax rate is worth considering when buying gold or silver coins, bars, or ETFs that directly hold gold or silver. IRAs cannot hold collectibles except physical gold, silver, palladium, and platinum bars or coins.

By Larry Derany