BAJJERFAN ✭✭✭✭✭
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Re: Selling Coins As A Hobby
Does GC buy coins? When they or Heritage, etc. sell for you there is no 1099 because they never took ownership of your coins. If you sell certain bullion items like AGEs to APMEX they are tax exempt … (View Post)1 -
Re: Selling Coins As A Hobby
If you took that $1000 face in 1964 to your bank and wanted to deposit them into your checking account how much would they credit you for? Probably $1000. So if you're using it at face value as inten… (View Post)1 -
Re: Selling Coins As A Hobby
This will be my first year with schedule C. Won't be using TT. Normally I download a Sched C from the IRS and fill it out ahead of time. The hard part is getting them to put the right info in the rig… (View Post)1 -
Re: Selling Coins As A Hobby
I will get in touch with support for the online tax service about making sure that the 1099-k info gets to the right line on schedule C and not just added to the filer's income willy nilly. (View Post)1 -
Re: Selling Coins As A Hobby
I believe that ST gains are currently at 28%. (View Post)1
