IRS reporting for physcial PM transactions

[benjamen]

Long, but informative, article in coinweek covering when the government gets involved in your PM purchases and sales:
http://www.coinweek.com/news/indust...es-for-cash-transactions-and-precious-metals/

 

[Aubuy]

This reminds me of how to fill out a tax return. Only an accountant can understand it.

 

[mmerlinn]

This reminds me of how to fill out a tax return. Only an accountant can understand it.

If you are lucky to find one who can understand it.

 

[mike]

If you walk in a shop and want to buy over $10K worth of PMs in cash and he gives you a form to fill out, walk away. I bet he changes his mind before you walk out the door.

 

[pmbug]

Another resource on this subject:

http://srsroccoreport.com/must-read...nsactions-when-buying-selling-gold-or-silver/