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Author Topic: $600 Gold Sale? You need a tax form.  (Read 2441 times)
Anonymous
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July 11, 2010, 11:58:13 AM
 #1

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843

Looks like they are coming for your gold and you will have to fill out a tax form if you buy or sell more than $600 a year.Good luck with that..... Smiley
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Anonymous
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July 12, 2010, 12:25:39 PM
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That sure is a lot of paperwork. Not just gold, but any bullion or coins.

Can you feel the grip tightening?  Sad
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July 12, 2010, 12:30:09 PM
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Incrementalism is a devious thing.
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November 27, 2010, 06:45:09 PM
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Having to do all of this paperwork makes me not want to deal with this.  I would rather go with a mutual fund or something like that.  If you buy it through a good broker, they will do all of the paperwork.  You can then spend your time doing more constructive things.  Hope you do well at your gold.

Mac Jen.
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November 27, 2010, 07:19:35 PM
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Everybody hates the $600 reporting requirement, and it appears likely to be repealed:

     Senate Democrats float health tax repeal
     http://www.politico.com/news/stories/1110/45051.html


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November 27, 2010, 10:19:28 PM
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Repealed or not, if you buy or sell from me I won't report you. I think this should make doing business with me more valuable. 

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November 27, 2010, 11:35:56 PM
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Repealed or not, if you buy or sell from me I won't report you. I think this should make doing business with me more valuable. 

Until you're caught and that forum post is used as evidence of intent, anyway...   Smiley

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November 28, 2010, 05:20:25 AM
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Repealed or not, if you buy or sell from me I won't report you. I think this should make doing business with me more valuable. 

Until you're caught and that forum post is used as evidence of intent, anyway...   Smiley

Huh, I didn't make that post, I guess it was my brother or someone else...

I shouldn't leave this thing logged on all the time I guess.

Or maybe the whole account belongs to my husband, er, I mean wife.

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