topic How does the IRS tax options of the precious metal ETFs, SLV and GLD? in Investors & landlords https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-the-irs-tax-options-of-the-precious-metal-etfs-slv-and-gld/01/1708600#M55851 <P>How does the IRS tax options of the precious metal ETFs, SLV and GLD? Are they treated as 1256 contracts and taxed at the blended 60/40 rate? Or are they treated as collectibles and taxed at the 28% long-term capital gains rate?</P><P>&nbsp;</P><P>Thanks in advance!</P> Fri, 14 Aug 2020 21:27:14 GMT wz5mz 2020-08-14T21:27:14Z How does the IRS tax options of the precious metal ETFs, SLV and GLD? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-the-irs-tax-options-of-the-precious-metal-etfs-slv-and-gld/01/1708600#M55851 <P>How does the IRS tax options of the precious metal ETFs, SLV and GLD? Are they treated as 1256 contracts and taxed at the blended 60/40 rate? Or are they treated as collectibles and taxed at the 28% long-term capital gains rate?</P><P>&nbsp;</P><P>Thanks in advance!</P> Fri, 14 Aug 2020 21:27:14 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/how-does-the-irs-tax-options-of-the-precious-metal-etfs-slv-and-gld/01/1708600#M55851 wz5mz 2020-08-14T21:27:14Z Re: How does the IRS tax options of the precious metal ETFs, SLV and GLD? https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-how-does-the-irs-tax-options-of-the-precious-metal-etfs-slv-and-gld/01/1708608#M55852 <P>Those ETFs (which are essentially grantor trusts) are treated as collectibles, but the options are&nbsp;treated as non-equity options and, therefore, 1256 contracts.&nbsp;</P> Fri, 14 Aug 2020 21:54:40 GMT https://ttlc.intuit.com/community/investments-and-rental-properties/discussion/re-how-does-the-irs-tax-options-of-the-precious-metal-etfs-slv-and-gld/01/1708608#M55852 Anonymous_ 2020-08-14T21:54:40Z