How are IRS taxes on the profit on sale of gold and silver coins computed? - gold profit
The pieces are collectors' items, which have a slightly different treatment of taxes. The calculation of the benefit on the amount you pay for, but the long-term gains from the collection are taxed at 28%, not 15% of the amount allocated to stocks, bonds, real estate, etc.
Hope this helps.
Gary
Friday, December 25, 2009
Gold Profit How Are IRS Taxes On The Profit On Sale Of Gold And Silver Coins Computed?
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