Apologies in advance if this has already been flagged, but I just realized that PHYS is a passive foreign investment company (PFIC) for US federal income tax purposes and thought I would share that information with the group. I would suggest holders of PHYS shares review the discussion regarding tax reporting requirements and certain available tax elections here:http://sprottphysicalbullion.com/sprott-physical-gold-trust/...
I took a look at the link. The legalese made my head hurt.I hold my shares in a ROTH IRA. That would mean I pay no taxes on my gains, correct?
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