As a Japan tax resident, am I subject to the collectibles tax or ordinary income tax on US ETFs holding physical gold ?
“Investors selling shares in commodity ETFs that hold physical gold or silver may be taxed at a long-term capital gains rate of 28% for those in tax brackets at or above 28%. However, if these ETFs are grantor trusts, then investors have ordinary income, rather than capital gain, when they sell their shares.”
https://www.fidelity.com/learning-center/investment-products/etf/special-rules-commodity-etfs
I am refering to these ETFs
https://www.investopedia.com/top-gold-etfs-for-q1-2024-8416365
Edit: I am not a US citizen. I don’t pay US capital gains taxes on US ETFs, but I am not sure about collectibles/ordinary income taxes.
by GachaponPon
