Precious Metal

Report a precious metal and income from the sale of precious metal in Schedule A. 

Precious Metal: Examples

For You, Your Spouse, and Your Dependent Children

Schedule A

Report 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.

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This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.