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How are precious metals valued and taxed in an IRA?

Valuation

STRATA reports the value of your precious metals on your quarterly statement using spot value.

Spot value is an industry standard that is calculated by multiplying the current market price of the metal by the number of ounces of fine metal in your holdings.

  • Reported values do not include dealer premiums, discounts, fees, or commissions
  • Spot value is an estimate only and should not be considered a firm buy or sell price

As a directed custodian, STRATA does not independently determine or verify the value of your metals. Price indications for specific bullion products may be obtained from various sources including your precious metals broker/dealer or on a site such as www.BuillionValues.org.

Please call your dealer for real-time pricing or information regarding their fees or commissions. Refer to our Important Disclosures for Your STRATA Precious Metals IRA regarding your STRATA account. 

Taxes

Precious metals (such as gold, silver, platinum, and palladium) are classified by the IRS as collectibles.

  • Taxes are generally owed only when the metals are sold or distributed from the IRA
  • If held within the IRA, gains remain tax-deferred or tax-free (depending on your IRA type)
  • Taxes and potential penalties may apply upon distribution

The capital gains tax is only owed after the sale of such holdings, and if the holdings were held for more than one year.

Cost basis of precious metals

If a capital gains tax applies, then the amount of tax owed on the sale of precious metals depends on the cost basis of the metals themselves. The cost basis is the original per-ounce purchase price of your precious metals.  

As always, consult your tax professional regarding these matters prior to taking any action. For more information: