vexhold
Elite Member
Is it true that the IRS will be requiring taxation on all precious metal (coins & Jewelry) purchases and sales over 600.00 begining January 2012?
So does this mean a bigger percent will get taken if I send my gold to melt in Jan?
Just keep your transactions under $600.
Where you may get in trouble is through an audit when they see you purposely subverting the new tax law by using 599.00 or under transactions. It's definately worth looking into.
Please, let's keep Politics out of the replies!
Party pooper!
Why do my posts keep getting deleted? I simply referred to a current governmental system. So I can't say obama care?