Report a precious metal and income from the sale of precious metal in Schedule A. For You, Your Spouse, and Your Dependent Children Schedule AReport precious metal if (a) the metal is held for investment purposes and had a value that was more than $1,000 at the end of the reporting period, or (b) the metal produced more than $200 in income during the reporting period. Block A: Describe the type of metal owned (e.g., gold) and the form in which you hold the metal (e.g., ingots, jewelry, coins, or warehouse certificates). Block B: Report the value of the precious metal by marking the appropriate column. Block C: Report the income produced by the precious metal by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column. Click Here for Frequently Asked Questions
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.