Made profits in gold or silver? Here’s how to lock in gains and reset cost without raising your tax outgo

Gold and silver funds experienced strong rallies and sharp corrections, creating opportunities for tax harvesting. Investors can strategically use capital losses to offset gains or leverage the LTCG exemption to retain more profits. Careful timing and adherence to tax rules can significantly improve post-tax returns without altering long-term allocations. Tax harvesting can help investors lock in gains, adjust losses, and step up acquisition costs— without changing their long-term precious metals bet.

from Tax-Wealth-Economic Times https://ift.tt/gDNY6mn