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Msg  210057 of 211625  at  9/22/2019 5:10:22 AM  by

eagle76


 In response to msg 210053 by  okscouter
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Re: Capital gains on PM bullion RPS: this is the last I heard on the sale of precious metals from the IRS

 
I thought I read somewhere that Eagles (gold and silver) and Maples were excluded from this???
 
 
https://goldsilver.com/blog/irs-1099-gold-reporting-private-gold-private-silver-bullion/
 
not true...  hell there is a dem senator named wyden out of oregon who has proposed a 'tax bill' that IF what I read is accurate, stops short of taxing everything but the air that we breathe...  and it wouldn't surprise me given how the dems want as much of what you have if they figure out a way to tax the air we use someday.  But I digress..
 
  IF there is a way to reap tax revenue from something, the gov't at many levels have not let it escape their 'attention' and collection agency...   And the issue of 'what might not be taxed' involving the PMs, well as this link notes, its not a straightforward issue.   Which is why again, before I bought my first physical, I looked into the tax laws via the IRS publications to understand what they were going to do to me in the event I was fortunate enough to sell for more than I paid...   and I have avoided putting gold/silver in my IRA because even the IRAs are not safe from efforts by a certain political party to get 'more' of your effort to take care of yourself.


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Msg # Subject Author Recs Date Posted
210069 Re: Capital gains on PM bullion RPS: this is the last I heard on the sale of precious metals from the IRS nasus25438 0 9/22/2019 11:41:35 PM






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