To: Blzbba
And the beauty of numismatics (rare silver/gold coins) is that YOU PAY NO TAXES when you cash in. Just don't let the IRS know about it or how you got the money from selling it. Coins are specifically mentioned in the instructions for Schedule D for capital gains. They are even treated worse than stocks (28% vs. 15%).
78 posted on
06/01/2006 8:50:03 AM PDT by
KarlInOhio
(Never ask a Kennedy if he'll have another drink. It's nobody's business how much he's had already.)
To: KarlInOhio
Hopefully by the time I sell them (YEARS from now), there will be no IRS!
83 posted on
06/01/2006 8:52:29 AM PDT by
Blzbba
(Beauty is just a light switch away...)
To: KarlInOhio
"Just don't let the IRS know about it or how you got the money from selling it. Coins are specifically mentioned in the instructions for Schedule D for capital gains. They are even treated worse than stocks (28% vs. 15%)."
Another myth has been destroyed by KarlinOhio.
90 posted on
06/01/2006 8:55:57 AM PDT by
Grampa Dave
(There's a dwindling market for Marxist homosexual lunatic wet dreams posing as journalism)
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