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To: Enlightened1
You only need to disclose coins that were traded. Just like you need to disclose Silver that was traded on the Exchnages.

Yes, taxed as ordinary income. Physical Silver can be transferred more easily.

47 posted on 03/12/2024 10:44:43 AM PDT by 1Old Pro
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To: 1Old Pro

Really?

You have to pack it up, ship it to vendor and wait a week to get your money. That’s if you want to make what it’s worth. Your local coin dealer is not going to give you the best price.

I have moved bitcoin from around the world, to USD in minutes…and transferred to my checking account by the end of the day.

Silver is in no way easier to move than bitcoin.


53 posted on 03/12/2024 10:50:34 AM PDT by Vermont Lt (Don’t vote for anyone over 70 years old. Get rid of the geriatric politicians.)
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To: 1Old Pro

Only if it’s a short term capital gains tax (held under 1 year). If over a year, then it’s long term capital gains.

Just like anything else on Wall Street.


57 posted on 03/12/2024 11:00:33 AM PDT by Enlightened1
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