|
Pittsburg, Kansas | If you buy a used car for 2000 cash, drive it a couple years, then sell it for 3000 cash you are supposed to claim the gain and pay capital gains tax on it. Does anyone do so? Probably very few. Usually doesn't become a problem.
Do it twenty times a year, it can become a problem.
Quantity technically doesn't matter. In real life it can.
Having a handful of coins and bartering with a neighbor is one thing. Having 5 monster boxes of 500 ounces bought at 8 and selling at 50 is quite another from a risk standpoint of the IRS starting to want to ask questions.
Edited by John Burns 12/20/2025 06:38
| |
|
So you bought physical silver……
