Suppose I buy gold in a non-tax-advantaged way. I'm aware that gold is classified as a collectible and gains on this are taxed at 28%.
If I incur costs storing the gold (renting a safe deposit box or paying for third-party storage) or insuring it against fire/theft, can these fees be added to my cost basis when I sell?
I have searched for information online about this, but cannot find any guidance. The most I have found is that "improvements" to a collectible do work this way. Thanks for any info you can provide.