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In any case, the short answer to all this is that you will have to pay taxes on profits you earn from selling gold coins. If you sell your coins to a coin and precious metals dealer, the IRS will ...
"Additionally, you may face state and local taxes, which could bring your total tax rate to as high as 54% — 37.6% in federal income tax, plus 3.8% in net investment income tax, plus 12.3% in ...
In most countries capital gains tax applies when precious metals are sold at a profit. Some countries also apply value added tax to precious metals. In the European Union, the trading of recognized gold coins and bullion products is VAT exempt, but no such allowance is given to silver. Elsewhere in Europe though, Norway has exempted both gold ...
Cash for Gold USA, an established gold buyer, is a top choice for selling your gold items. They offer competitive rates for a wide range of gold items, including jewelry, scrap gold and gold coins.
A sales tax is a tax paid to a governing body for the sales of certain goods and services. Usually laws allow the seller to collect funds for the tax from the consumer at the point of purchase. Federal Sales Taxes. When a tax on goods or services is paid to a governing body directly by a consumer, it is usually called a use tax.
In terms of specific places to sell gold bars and/or coins, choices include the United States Gold Bureau and dealers/platforms such as Cash for Gold USA, Express Cash Gold, Worthy, Sell Your Gold ...
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