What many investors don’t realize is that certain coins and bullion can qualify for an exception – but only when specific purity and custody requirements are followed.
If you’re considering physical gold inside a retirement account, this matters.
Most people assume:
Gold is gold.
But that’s not how the IRS sees it.
Under IRS rules, many gold coins and metals are classified as “collectibles.”
And if an IRA purchases the wrong type, the amount invested may be treated as a distribution that year.
That can mean:
More taxable income
A possible additional 10% tax if you’re under 59½
Losing tax-deferred treatment on that purchase
What many investors don’t realize is that certain coins and bullion can qualify for an exception – but only when specific purity and custody requirements are followed.
