Irons
Well-known member
The IRS considers Gold to be a collectible and sets a capital Gains tax of 28% on profits from the sale. There are some exemptions. For example, legal tender US Gold coins are tax exempt.
There are exemptions for unrefined precious metal concentrates.
Perhaps some of our legally astute members can provide some details.
The end of the year is coming up soon. Time to sort things out.
And then, there's the Governor's piece of the action....
There are exemptions for unrefined precious metal concentrates.
Perhaps some of our legally astute members can provide some details.
The end of the year is coming up soon. Time to sort things out.
And then, there's the Governor's piece of the action....