blindndead
NES Member
Little short on cash this week that's why I love this place. They have something for every budget. score!!
90% Silver Coins $1 Face Value Lot | SilverTowne
90% Silver Coins $1 Face Value Lot | SilverTowne
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Now the employees are facing RICO charges...
"Each of the three JP Morgan employees was hit with charges of conspiracy to commit wire fraud affecting a financial institution, bank fraud, commodities fraud, price manipulation and spoofing; bank fraud; wire fraud affecting a financial institution; and conspiracy to conduct the affairs of an enterprise involved in interstate or foreign commerce through a pattern of racketeering activity, often known as RICO conspiracy, the DOJ said."
JPMorgan traders indicted for market manipulation, racketeering: feds
When do the new bullion dates come out? I'm waiting to purchase my set of 2019 and 2020 together to avoid paying the sales tax.
2020 coins come out first of the year?
real basic question about tax implications of selling precious metals please....
Say your Uncle has been giving you $10K in gold as a gift for a few years. It is under the federal limit for the gift tax so it does not trigger a taxable event. One day you show up at your friendly metals dealer to sell and convert $50K of gold into cash or bank check. Do you just get the money or does this trigger some sort of taxable event?
Coins - RJ Coins and JewelryLooking to buy some pure silver coins to give as Christmas gifts. Where do you all recommend to buy from?
www.bostonbullion.com They are located in Burlington Ma. They list their prices on their web site.Looking to buy some pure silver coins to give as Christmas gifts. Where do you all recommend to buy from?
What does $1. face value weigh?Little short on cash this week that's why I love this place. They have something for every budget. score!!
90% Silver Coins $1 Face Value Lot | SilverTowne
You have Boston bullions price beat by $2. per eagle.With silver currently at $17.70, I have US 90% at 12.5 x face, and random date Silver Eagles at $21.00; cash only, $1000 minimum purchase to avoid sales tax.
Looking to buy some pure silver coins to give as Christmas gifts. Where do you all recommend to buy from?
It may be a capital gain, but the sale of precious metals is not subject to capital gain treatment. All gains are ordinary income.You would owe tax on that, based on the capital gains:
It may be a capital gain, but the sale of precious metals is not subject to capital gain treatment. All gains are ordinary income.
Looking to buy some pure silver coins to give as Christmas gifts. Where do you all recommend to buy from?
2019 American Silver Eagles would make a great gift, and giving one every Christmas of the current year would add something "special" for years to come...
Generic silver rounds, not so much...
Silver is getting down into buy area. Any thoughts on what silver might do in the near future?
Strange that PMs were rising with the dollar a couple of weeks ago and now PMs are falling with the dollar. I wouldn't mind another buying opportunity for silver before Christmas. Would like to buy some for my kids.
The profit is ordinary income (collectible), with no advantageous capital gains treatment ... the one pesky detail all PM brokerages leave out of their "about gold" articles.real basic question about tax implications of selling precious metals please....
Say your Uncle has been giving you $10K in gold as a gift for a few years. It is under the federal limit for the gift tax so it does not trigger a taxable event. One day you show up at your friendly metals dealer to sell and convert $50K of gold into cash or bank check. Do you just get the money or does this trigger some sort of taxable event?
The profit is ordinary income (collectible), with no advantageous capital gains treatment ... the one pesky detail all PM brokerages leave out of their "about gold" articles.
You can gift more than the limit without triggering a taxable event, but you have to file IRS form 709 and the amount of the gift (or amount in excess of the limit, not sure which) reduces your lifetime tax free inheritance tax threshold.