[kiryandil]

Excellent. I had thought that if you had no initial outlay (at least on paper), then you had to pay the full freight.

Forgot about the "gift" aspect.

HOWEVER - what if the donor didn't report them as a gift? Will they be dragged into a mess [for not reporting] even though their total gift for that year was only the two gold coins [and obviously less than $14,000]?

[DesertRhino]

Chinese Restaurant.... 10% fee vs 28% tax.

[PreciousLiberty]

“HOWEVER - what if the donor didn’t report them as a gift? Will they be dragged into a mess [for not reporting] even though their total gift for that year was only the two gold coins [and obviously less than $14,000]?”

I don’t think so, since there’s an allowable tax-free amount to gift any individual, somewhere around that same $14,000. If the coin was somehow income from that year, it should be reported, theoretically speaking.

[teeman8r]

The irs only knows what we tell them