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Gold u0026 Silver American Eagles coins - Do you have a Pay Capital Gains Tax when you sell?

Frames Gold u0026 Silver American Eagles coins - Do you have a Pay Capital Gains Tax when you sell?

Description Gold u0026 Silver American Eagles coins - Do you have a Pay Capital Gains Tax when you sell?

Comments Gold u0026 Silver American Eagles coins - Do you have a Pay Capital Gains Tax when you sell?

Thank you all for watching this video! Please hit the thumbs up button and let me know your thoughts in the comments Comment from : Silver Wolverine

Thanks for this video, answered my question on the 600 new law thing, glad we don't have to worry about that when selling gold Comment from : Noctilucent

But you are not explaining how the profit is calculated What if the gold was purchased at an all time high and you are taking a loss? There is no system in place to track that Comment from : Edward Rook

Wow Comment from : Daniel Servin

Be sure to include shipping costs in your cost basis Comment from : Thomas Halecky

I actually hadn't thought about selling my silverfor some reason I have had this notion that I would be using for tradefor the things I'd need later regardless of whether or not the entire system crasheseven for a house if need beand now that I think about itthere are many states these daysgoing back to allow their citizens to use silver and gold as money once againwhich allows those who have such to remain outside of the corrupt system of debtand keep more of what they work hard all day for in a tangible assetthat isn't paper or something out of thin air like digital currencytotally controllablebesides we all know taxation is only a form of theft of your time and talentsbecause it takes more of it to satisfy their greedfrom the working classso that they can never get aheadonly to surviveand keep the lie aliveand silver and gold are what they areGod's money and much more to those who understand thatand why they stack and hold ituntil neededotherwise it will be out of sight and out of mind once purchasedsmiles Comment from : BJ Stambaugh

Do business with an lcs that saves the paperwork for later Comment from : Maurice ORay II

Is this just for bullion? What about if you have some 5oz silver coins from mint and proof Ase and sell them you still have to report that? Comment from : ypcomchic

😂😂 Comment from : BangSlash357

You only have to pay if you report When you sell just say you bought all your silver at high than what you sold it for Again they won’t know if you don’t tell them F the IRS, taxation is theft! Comment from : Wil Hathaway

What about scenarios where gold is traded for silver (or vice versa) and no cash is involved (eg playing the gold/silver ratio)? Should each transaction be treated as a gain/loss that has tax implications, or do you only need to worry about taxes when you cash out later on? Comment from : PlumTree

Nice one man Comment from : Metal Bum

Government gets way to much of our taxesThey are criminals and they are destroying the worldWe are literally paying gangsters off for what?? Comment from : brian Stone

Gotta pay your taxes even though they’re too highbr🔥🦈🌊 Comment from : Silver Oceans

I just don't know how we've let it come to this! The taxing is out of control I just traded in one thing for another The total cost for the item I was buying was $900 The item I traded was $600 (credit) They charged me tax on the $900 even though I only paid $300 out of pocket So I already paid tax on the $600 item when I bought it Now I am taxed on it again??? It is really out of control Like you SW, I pay my taxes but at some point we have to say time out They are taxing the same thing over and over Comment from : Talking Bullion

My gain on my metals is zero I paid what I sold them for ;) Comment from : Michael Franks

You would think that if you get paid $100 from your job and you go to the store and you find a sale that is buy one get one free, that you doubled your hundred dollars, and now the government might want to tax you on $200 instead of $100 because technically you made capital gains on the $100 bill by finding a sale and doubling your money, that is a 100 capital gains😳😁 Comment from : azwelke

This is why you buy at the top of the market, that way you pay less capital gains😂 Comment from : azwelke

This topic boils my blood Thanx for ruining my morning (laughing with painful tears) Our politicians need to shred the tax code and start from scratch with a goal of reporting taxes on a post card I live in Taxifornia In my opinion I pay an UNFAIR SHARE Comment from : sfkimrush

what if you buy a boat, car or house from someone with gold or silver? Comment from : BornAgainScientist

Idk what to think anymore we get taxed for everything debt corporation usa!!! Comment from : BETO2024

You are wrong on the tax rate on long term capital gain It is not a flat 28 It is your marginal rate, up to a maximum of 28 Even more people get that wrong than the false idea that there is no capital gains tax on Eagles, etc Comment from : Christopher Stewart

I love the liberties you take with the English language Substituting "rather" for "whether" Comment from : Andrew L

My LCS says it's between You,God and the IRS🤔🍻 Comment from : Jimmy Twotone

You will own nothing and love it!!!!! 😡 Comment from : Big O

So Silver Wolverine, you still pay capital gains tax as an individual when you sell your gold and silver So it's much like Canada Comment from : Gold Maple

I would think that in order to accurately report any gain, you have to have a record of the original sale, a receipt Do we all keep receipts for all the precious metals we've bought I know that I don't Comment from : SalivateMetal

They need to update that $10,000 cash purchase to over $78,000 because of inflation Comment from : Cents of humor

No one ever makes a profit, bullion is the absolute worst investment everright? Comment from : TheAscendedbeings

You're a good little Federalist civilian Worship the Great Seal of the United States Comment from : Celtic Knot

Thanks for the info Comment from : juinor67

Good Afternoon SW!🥤 I am glad I am not a seller!!!😊 Comment from : George Matthews

Some states are pushing for gold and silver to become legal tender and I think some are also pushing to get rid of the capital gain tax I personally think taxing the profits you make off of precious metals is legalized theft Seems like the government wants our money to bail them out of their uncontrolled spending, if we the people operated our finances the way our government does, we would be thrown into prison Comment from : Geramy Ballard

SW Im an accountant you are 100 percent correct! when someone online represents no 1099b reporting they are leading the listener to believe there is no reporting required by the seller and therefore no taxation WRONG Comment from : Steve Ysais

No comment Comment from : Frustrated Majority

Wolverine you said wait till the 14th It's taking all of my willpower I have gold in my cart at Apmex It's killing me dude Comment from : Lassie Farm

I don't sell any precious metals, thankfully 🤫 Comment from : Anxious Stacker

I get taxed every time I turn around Govt will start taxing sunshine 🌞 They will figure a way to charge for the air above your 🏠 Comment from : Lassie Farm

Any clue what size of air tight capsule do I need for a 1oz Platinum Britannica? Comment from : Feta Cheese

Eye don't sale 😎👍🦅💯💰⛏️ Comment from : Silver Tree

YUP! Comment from : Matthew Byrns

Wolvie TAXES what is that ? Comment from : Rocky superstar

#3 Wolvie Comment from : Rocky superstar

Sup Mister Wolverine and everyone Comment from : 🐲 My Kitten Is A Grand Master 🐉

💥Boom!!!!👊 Comment from : Gold Aztec

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