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  2. Gold and taxes: What every investor needs to know

    www.aol.com/gold-taxes-every-investor-needs...

    "Using losses to offset gains is a normal process used in taxable accounts to help mitigate taxes." ... For one, you can just avoid selling the gold altogether. Hold onto it longer, and allow it ...

  3. Luxury tax - Wikipedia

    en.wikipedia.org/wiki/Luxury_tax

    In sports, the Luxury tax is the incremental tax team owners have to pay for their teams going over the salary cap, basically a financial penalty for high-spending teams. [ 8 ] A common misconception is that tampons and other menstrual products are taxed as a "luxury item" because they are subject to sales tax in 30 states as of February 2021 ...

  4. 15 Best Places To Sell Your Gold for Cash

    www.aol.com/15-best-places-sell-gold-145103625.html

    See: What To Do If You Owe Back Taxes to the IRS. 15 Best Places To Get Cash for Gold. ... Worthy is a standout platform for those looking to sell jewelry online, including gold jewelry. The ...

  5. Depreciation recapture - Wikipedia

    en.wikipedia.org/wiki/Depreciation_recapture

    When a taxpayer sells an asset for a gain after taking deductions for depreciation, depreciation recapture is used to tax the gain. Because the taxpayer received a deduction from ordinary income for the depreciation of the asset, any gain the taxpayer receives, up to the depreciation amount, must be included as ordinary income to offset the ...

  6. Silver as an investment - Wikipedia

    en.wikipedia.org/wiki/Silver_as_an_investment

    Other taxes such as capital gains tax may apply for individuals depending on country of residence (tax status) and whether the asset is sold at increased nominal value. For example, in the United States, silver is taxed only when sold for a profit, at a special collectibles capital gain tax rate (the normal income tax rate, subject to a maximum ...

  7. How to Sell Gold Jewelry When Prices Hit Historic High

    www.aol.com/sell-gold-jewelry-price-nears...

    Aim to get 90 to 95% of the spot price when selling gold bars or coins, and 70 to 80% of melt value for jewelry and other items. A karat is a unit of measure for the fineness of gold. For example ...

  8. Gold as an investment - Wikipedia

    en.wikipedia.org/wiki/Gold_as_an_investment

    Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. [1]

  9. Fast Money: With Gold Prices Dropping, Here's How to Sell ...

    www.aol.com/news/2013-02-28-fast-money-gold...

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