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Frytown, Iowa | Someone correct me if im wrong... You cannot buy grain for speculation and write it off unless you buy grain and run it through livestock...
So in theory the only way to buy gold and have it be a tax write off would be to run it through your hogs... Otherwise it would have to be a private deal... However when you sell that gold in the future you would be taxed on the full sale because you had no record of transaction...
All around this generally sounds like a bad idea. Feeding gold to livestock that is... | |
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