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This is not actionable advice - please do your own confirmation as needed.
Since the subject of reporting requirements for gold held overseas in a custodial account has come up here on numerous occasions I thought I'd report what an IRS rep (complete with name and ID#) just explained to me.
According to him... there is no reporting requirement for simply owning gold with Bullion Vault - where physical gold is held under a custodial account with no interest paid or other gain or loss. Your specific account may be different if not with Bullion Vault. And obviously gains or losses are reportable. But according to the IRS owning gold with Bullion Vault does not in and of itself trigger a reporting requirement.
Again, please do your own follow-up as necessary - but I thought I'd share what I found.
Since the subject of reporting requirements for gold held overseas in a custodial account has come up here on numerous occasions I thought I'd report what an IRS rep (complete with name and ID#) just explained to me.
According to him... there is no reporting requirement for simply owning gold with Bullion Vault - where physical gold is held under a custodial account with no interest paid or other gain or loss. Your specific account may be different if not with Bullion Vault. And obviously gains or losses are reportable. But according to the IRS owning gold with Bullion Vault does not in and of itself trigger a reporting requirement.
Again, please do your own follow-up as necessary - but I thought I'd share what I found.