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Want to invest in gold? Here’s how to plan for — or even avoid — the potential tax headaches
Sept. 27, 2025 · Authored by Andrew Whitehair
Baker Tilly’s Andy Whitehair shared valuable guidance with MarketWatch on how investors can navigate taxes on collectibles, gold and foreign dividends. Key takeaways:
- Understand your tax bracket: Stock gains may be taxed at 15%, but gold could hit your ordinary rate. Timing matters.
- Watch foreign dividends: Many mining companies are headquartered abroad. Qualified dividends and foreign tax credits can reduce double taxation.
- Retirement accounts matter: Gold IRAs grow tax-deferred; Roth IRA withdrawals can be a smart time to sell.
- Practical strategies for wage earners: Options like tax-loss harvesting, increasing pre-tax 401(k) contributions and contributing to HSAs can help reduce taxable income.
As he notes, thoughtful planning can make a big difference — even small adjustments can improve outcomes over time.
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