I'm unclear on this: If I want to sell some shares of my gold etf and then buy some K-Rands in roughly the same amount-- is there some tax reason I need to wait 31 days?
Thanks.
Selling Gold ETF to Buy Coins - Reason To Wait?
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Selling Gold ETF to Buy Coins - Reason To Wait?
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Re: Selling Gold ETF to Buy Coins - Reason To Wait?
My research has indicated that collectibles are not subject to the wash sale rule.
everything comes from somewhere and everything goes somewhere
Re: Selling Gold ETF to Buy Coins - Reason To Wait?
I'm not sure what the wash sale rule is (off to google).
Are K-rands considered collectibles?
Are K-rands considered collectibles?
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Re: Selling Gold ETF to Buy Coins - Reason To Wait?
All physical gold bullion is, I believe.Coffee wrote: I'm not sure what the wash sale rule is (off to google).
Are K-rands considered collectibles?
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Re: Selling Gold ETF to Buy Coins - Reason To Wait?
The ETFs also decay in value over time, so they are not one:one equal to bullion.
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Re: Selling Gold ETF to Buy Coins - Reason To Wait?
Wash sale rules only apply if you are claiming a loss.
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Re: Selling Gold ETF to Buy Coins - Reason To Wait?
I thought I'd give this topic a bump because I am considering selling some gold ETFs at a small loss while buying gold coins, and I was concerned about triggering a wash sale. Looks like it's not an issue. So, if anyone else was considering doing the same...here's the thread.
{ Why sell at a loss?
Well, I want to sell share-lots that are close to breakeven, but I also want to be rid of GTU and PHYS altogether, and a loss will make the paperwork easier since I didn't make an election when I bought shares. }
{ Why sell at a loss?
Well, I want to sell share-lots that are close to breakeven, but I also want to be rid of GTU and PHYS altogether, and a loss will make the paperwork easier since I didn't make an election when I bought shares. }