DISCLAIMER: GOLDINVESTMENTCOMPANIES.COM IS AN AFFILIATED PARTNER FOR GOLDCO PRECIOUS METALS, AUGUSTA PRECIOUS METALS, AND BIRCH GOLD GROUP, PROMOTING THEIR GOLD IRA, GOLD 401K TRANSFER AND BITCOIN IRA SERVICES AND PRODUCTS.
Gold and Silver are susceptible to capital gains tax and there are times when purchases or sales will be reported to the IRS. I talk about when capital gains tax on precious metals applies and how much it is. I AM NOT A FINANCIAL ADVISOR OR TAX EXPERT. DO YOUR OWN RESEARCH AND CONTACT A PROFESSIONAL. You are required to report profits on sales of precious metals to the IRS and pay the capital gains tax of up to 28% on your own. You are only required to pay the capital gains tax on profits from gold sales or silver sales. I talk about gold taxes and silver taxes in general and I give my opinion on a precious metal tax as well. Below is my video on buying silver and gold and when a IRS from will required for that transaction as well as the video talking about when the IRS requires a 1099-b to be filled out when selling bullion:
Warning to All Silver and Gold Buyers (Part 1) – Don’t Make Large Purchases!
https://youtu.be/WFb-HSZIYfk
Warning to All Silver and Gold Buyers (Part 2) – Don’t Sell Large Amounts!
https://youtu.be/5autiegSCDQ
✅ SD BULLION 500 SILVER EAGLE GIVEAWAY:
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https://rb.gy/aqtojb
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silverdragons47@gmail.com
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Thanks for watching!!
Disclaimer: Some of the links are affiliate links where ill earn a small commission if you make a purchase at no additional cost to you.
Topics I cover in this video: silver, gold, silver warning, gold warning, silver and gold warning, gold and silver warning, taxes on gold and silver, taxes on gold, taxes on silver, taxes on precious metals, silver tax, gold tax, selling gold and silver, capital gains tax on gold, capital gains tax on silver, capital gains tax on precious metals, gold reporting, silver reporting, gold and silver reporting, investing in gold, investing in silver, tax on silver, tax on gold
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