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FBAR requirements and gold ETFs?
Posted: Mon Jun 27, 2011 8:04 pm
by longeyes
Anyone know whether we are required to file an FBAR form (deadline is 30 June) if we own shares in an ETF holding its gold outside the U.S.? Thanks.
Re: FBAR requirements and gold ETFs?
Posted: Thu Jun 30, 2011 12:12 pm
by Wonk
Speak to your accountant. I just filed for unallocated held by Perth Mint. It can be argued either way, but I decided it wasn't worth the hassle to take the risk.
Re: FBAR requirements and gold ETFs?
Posted: Thu Jun 30, 2011 3:53 pm
by longeyes
Wonk, thanks. I can't be the the only one, besides you, who might have a question about this...
Re: FBAR requirements and gold ETFs?
Posted: Thu Jun 30, 2011 3:57 pm
by MediumTex
I would help if I could, I just don't have any exposure to this situation or knowledge about it.
Re: FBAR requirements and gold ETFs?
Posted: Thu Jun 30, 2011 4:47 pm
by AdamA
longeyes wrote:
Wonk, thanks. I can't be the the only one, besides you, who might have a question about this...
I emailed my accountant about it regarding GTU. She might know.
Re: FBAR requirements and gold ETFs?
Posted: Thu Jun 30, 2011 8:12 pm
by longeyes
So, in plain English, any ETF with gold held abroad requires an FBAR? This would affect IAU, SGOL, AGOL, GLD, et al., all of which have deposits, whole or in part, outside the U.S. I'm holding SGOL in a Fidelity IRA account and have received no info about this to date from Fidelity.