Author Topic: Is there a tax (besides Capital Gains) on the sale of gold coins?  (Read 1344 times)

Offline bpjohn

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Is there a tax (besides Capital Gains) on the sale of gold coins?
« on: September 22, 2012, 08:01:58 PM »
Just wondering about any additional tax on gold coins.  Trying to decide if gold or silver would be better for me.  Thanks.

Offline TexDaddy

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Re: Is there a tax (besides Capital Gains) on the sale of gold coins?
« Reply #1 on: September 22, 2012, 08:25:55 PM »
Talk to a CPA. Really.

Offline bpjohn

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Re: Is there a tax (besides Capital Gains) on the sale of gold coins?
« Reply #2 on: September 24, 2012, 05:51:54 AM »
Found what I was looking for.  Gold and silver are considered "collectibles" by the IRS and subject to a 28% tax on the gains.  All local and state tax also apply, which there are none in NH, where I live.