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It can be filed under an investment sale in TurboTax. Use the information you have to enter your informtion. You can use a 'V' for date acquired which means various. Be sure to select long term for the holding period since it's been more than one year you have owned the gold.
Physical holdings in precious metals such as gold, silver, platinum, palladium, and titanium are considered by the Internal Revenue Service (IRS) to be capital assets specifically classified as collectibles.
To record your sale/redemption in TurboTax Online as follows:
It can be filed under an investment sale in TurboTax. Use the information you have to enter your informtion. You can use a 'V' for date acquired which means various. Be sure to select long term for the holding period since it's been more than one year you have owned the gold.
Physical holdings in precious metals such as gold, silver, platinum, palladium, and titanium are considered by the Internal Revenue Service (IRS) to be capital assets specifically classified as collectibles.
To record your sale/redemption in TurboTax Online as follows:
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