1031 exchange EFT -> Bullion
Posted: Wed Oct 24, 2018 11:57 am
A person with a gold storage company recommended to me that I consider a 1031 exchange from my holdings in the etf GLD, into bullion. (I had asked about some way to get gold from GLD to bullion. I was looking for some sort of direct transfer via GLD's hired gold clearing banks. )
A search here finds that MachineGhost made a comment 6 years ago to the effect that such a 1031 is allowed.
A google search turns up a law firm offering same.
http://www.mclaughlinquinn.com/news-arc ... from-taxes
A search here finds that MachineGhost made a comment 6 years ago to the effect that such a 1031 is allowed.
A google search turns up a law firm offering same.
http://www.mclaughlinquinn.com/news-arc ... from-taxes
Sure, sure, makes sense on paper. Just thought I'd toss it out for discussion.Bullion/Coins = ETF certificate. As long as the Exchange Traded Fund represents a fractional undivided interest in the underlying bullion, these may be exchanged in both directions of the same metal.