Capital gains on PM bullion | Precious Metals Message Board Posts

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Msg  210060 of 211147  at  9/22/2019 1:02:53 PM  by

couplover


 In response to msg 210059 by  eagle76
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Re: Capital gains on PM bullion

 Tax cheating is a crime. Not really ambiguous or subjective. What is subjective is how sales take place and what true cost was. 
 
You can (try your luck) claim the cost of storage and transportation in addition to purchase price. You can claim the highest customary and allowable charges. No law says you did not pay $10 per coin, per year for safe storage. Be ready to prove it if asked. You also bought expensive insurance and paid for secure transportation all adding about $300 per coin to original purchase. All legal. You can claim you paid a 15% commission upon purchase and again on sale. Be ready to have proof. 
 
But make no mistake tax avoidance is a crime.  


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Msg # Subject Author Recs Date Posted
210061 Re: Capital gains on PM bullion fundamental 0 9/22/2019 1:07:33 PM


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