Tax Calculator
US Gold Capital Gains Tax Calculator
Calculate the US capital gains tax owed on gold sales. Physical gold ETFs and coins are taxed as collectibles (max 28%). Not tax advice.
- Capital Gain
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- Applicable Tax Rate
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- Estimated Tax Owed
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- After-Tax Profit
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Long-term rate for gold collectibles is the lesser of 28% or your marginal rate. Rates as of tax year 2025. Not tax advice — consult a CPA.
Frequently Asked Questions
What is the US capital gains tax rate on gold?+
Physical gold (coins, bars, jewelry) is classified as a collectible by the IRS. Long-term gains are taxed at the lesser of 28% or your marginal income tax rate. Short-term gains are taxed at your ordinary income rate.
Are Gold ETFs taxed differently than physical gold?+
Gold ETFs backed by physical gold (GLD, IAU) are also treated as collectibles for tax purposes — the same 28% max rate applies. Some gold futures ETFs are taxed differently.
Do I owe taxes when I sell gold jewelry?+
Yes — any gain on selling gold jewelry is taxable as a collectible gain. Keep purchase receipts to establish your cost basis.
What is the cost basis for inherited gold?+
Inherited gold receives a stepped-up cost basis to fair market value at the date of death, potentially eliminating capital gains tax on pre-inheritance appreciation.
How do I report gold sales on my tax return?+
Report on Schedule D (Form 1040). Each sale is reported separately on Form 8949. Brokers issuing Form 1099-B for ETF sales simplify reporting; physical gold sales must be self-reported.