Posted by parkridge77 on 23rd of Jul 2012 at 02:16 pm
Taxes- too differ with forms of gold--Gold coins and bullionare tangible personal property under
the IRC and are taxed as a collectible. Collectibles are taxed as
capital gains or losses similar to stocks and bonds but with one
very important exception. Collectible long-term capital gains, such
as the sale of physical investment in gold, are taxed at 28%
& then there are the various state regs to know, as well-
tracked at point of purchase & sale
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Taxes- too differ with forms
Purchasing Physical Gold
Posted by parkridge77 on 23rd of Jul 2012 at 02:16 pm
Taxes- too differ with forms of gold-- Gold coins and bullionare tangible personal property under the IRC and are taxed as a collectible. Collectibles are taxed as capital gains or losses similar to stocks and bonds but with one very important exception. Collectible long-term capital gains, such as the sale of physical investment in gold, are taxed at 28%
& then there are the various state regs to know, as well- tracked at point of purchase & sale