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Taxation of Precious Metals

The taxation rules for precious metals, including gifts and inheritances, and how they affect the cost-basis and taxable gain or loss.

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Jan 15, 2026
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Can basis adjustments apply when gifted precious metals are later sold for a gain or loss?

Gifts and inheritances of precious metals trigger different cost-basis rules that determine whether a subsequent sale produces a taxable gain or deductible loss; inherited metals normally receive a "s...