Options
Gold (and silver) income taxes explained
derryb
Posts: 38,588 ✭✭✭✭✭
Precious metal income tax tutorial
And for those planning to sell PMs and then leave the profit to heirs:
Profit becomes the difference between sell price and stepped up basis (current market value). This approach offers a near zero tax liability if a sale occurs just after inheritance of the item(s).
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
0
Comments
The Don't ask Don't tell approach with COB.
What's this profit you speak of... no one has made such a thing on PM's.
Just ask Blitz