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1031 exchange EFT -> Bullion

Posted: Wed Oct 24, 2018 11:57 am
by I Shrugged
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
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.
Sure, sure, makes sense on paper. Just thought I'd toss it out for discussion.