Precious Metal
Report a precious metal and income from precious metal in Part 6.
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#
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Description
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EIF
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Value
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Income Type
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Income Amount
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1
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Gold coins
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N/A
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None (or less than $1,001)
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capital gains
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$2,501 - $5,000
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2
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Platinum bars
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N/A
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$250,001 - 500,000
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None (or less than $201)
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For You, Your Spouse, and Your Dependent Children
Part 6
Report precious metal if either of the following is true: (1) the metal is held for investment purposes and had a value that was more than $1,000 at the end of the reporting period or (2) the metal was a source of more than $200 in income received during the reporting period.
Description: Describe the type of metal owned (e.g., gold) and the form in which you hold the metal (e.g., ingots, jewelry, coins, or warehouse certificates).
EIF: Select “N/A.”
Value: Report the value of the precious metal by selecting the appropriate category.
Income Type: Specify the type(s) of income if the total amount of income received during the reporting period exceeded $200.
Income Amount: Select the category corresponding to the total amount of income received during the reporting period.
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