Cost Basis
Gold IRA Glossary
What you paid for an asset, used to calculate gain or loss when you sell. For metals held outside a retirement account, basis includes the purchase price plus costs like premiums. Inside a traditional IRA, cost basis mostly does not matter, because distributions are taxed as ordinary income on the full amount regardless of what the metals originally cost.
This content is for informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. GoldIRAFinder.com is not a precious metals dealer, IRA custodian, broker-dealer, or investment adviser. Precious metals prices fluctuate and can lose value, and past performance does not guarantee future results. Before making any investment or retirement decision, consult a qualified financial, tax, or legal professional.
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