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BAJJERFANBAJJERFAN Posts: 31,392 ✭✭✭✭✭
in U.S. Coin Forum
If I sell you 500 bullion Silver Eagles are you required by law to send me some type of form 1099 to document the purchase?
theknowitalltroll;

Comments

  • 4thStooge4thStooge Posts: 319
    Nope
  • 4thStooge4thStooge Posts: 319
    Just to add that there are reporting requirements for certain types of bullion transactions that kick in at certain $ / quantity thresholds.
  • XpipedreamRXpipedreamR Posts: 8,059 ✭✭
    Ping?


    Did you forget where you are right now?



    image
  • 4thStooge4thStooge Posts: 319
    To clarify:

    If the bullion item is traded on the CFTE and the quantity transacted is enough to satisfy a CFTC contract, then the reporting requiremnet kicks in.
  • BAJJERFANBAJJERFAN Posts: 31,392 ✭✭✭✭✭


    << <i>Did you forget where you are right now? >>




    No; just wanted to be sure that my question would be answered by someone who should know!! But thanks for asking!!image
    theknowitalltroll;
  • ursabearursabear Posts: 1,888
    ping: unknown host any.dealer


    Sorry, couldn't resist - it's the geek in me! image

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