(11-01-2018, 11:28 AM)Kaan Wrote:Technically not reporting any profit, including gold sales, is illegal in the eyes of the IRS. Will you likely get away with it? Sure. If the buyer is enough of a sucker to pay full value for a private sale of gold then I'd sell it every time.(11-01-2018, 10:49 AM)Senor_Taylor Wrote:(11-01-2018, 07:40 AM)Kaan Wrote: but I'd do $35k in 1 gram gold bars to physically have... any profit is tax free in the long run.
Is it though?
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sell it for cash money on the private market... sure is tax free... like when you sell your car and don't claim it as income.
'19 Golf R
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J Ray's Top Ten
Previous: '99 BMW Z3 2.8L | 2019 Honda Ridgeline | 2010 VW GTI | 2008 CBR 600RR | 2005 Nissan Titan SE King | 2003 Honda CBR 600RR | 1998 Integra RS | 1998 Suzuki GS500e | 1999 Honda Civic Si | 1986 VW GTI 8v