How Does Collectibles Tax Rate Work for ETFs?

[pmward]

Yes, gold ETF's do fall under the collectables tax bucket.

You can use tax loss harvested in other assets to offset gold gains, but there is an order of priority the offsetting goes in, so you have to make sure you have enough losses harvested to cover all your gains in all assets for that year. Matter of fact, I took the opportunity myself this year to "harvest" some gains in my gold ETF's with the stock losses I harvested in the crash.

Yes my brokerage (Fidelity) knows these are collectables and reports it as such.

"ethically I can't accept the government printing trillions of dollars and then demanding a 1/3 cut of the alleged profit from gold you sell" - it's too bad we really have no ability to choose to "accept" these things or not. If you want to avoid collectables tax in ETF's, general commodity ETF's which include metals are not "collectables", but they obviously are only a small percent gold.