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Investors & landlords
You are correct, the LT vs ST may not be determinable. However one thing to keep in mind is that the gold coins might fall into the category of a hobby.
If you acquire the gold coins for leisure rather than investment purposes, the profits are taxed as ordinary income rather than capital gains. Hobby income is reported on the “other income” line of your 1040.
March 15, 2021
1:24 PM