11-01-2018, 12:42 PM
(11-01-2018, 11:32 AM)Sijray21 Wrote:(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.
I guess this includes my Mickey Mantle rookie card too....
If you find anyone selling gold under stop let me know. in the US market its always over spot.
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