Is Gold Taxable? The Truth About Capital Gains Taxes
Is gold taxable? The short answer is Yes. Both gold and silver (and all precious metals) are considered collectible assets and are taxed on short- and long-term capital gains. This video covers capital gains implications on precious metals in the United States. In normal circumstances, you are required to report sales on your own. There are cases where a 1099-B form is submitted to the IRS on your behalf. I'll run through those cases.
✅This video focuses on federal capital gains tax, not state or municipal sales tax.
😉I also want to be clear that I don't have any gold. Mine was all lost in an unfortunate boating accident.
🔔 SUBSCRIBE: http://youtube.com/c/2is1gold?sub_confirmation=1
More info on gold coins: https://www.youtube.com/watch?v=6000btaaiQg&list=PLf35LHMJWZxa0hZysyUcHla2BHduR_-bJ
Top tips for newcomers: https://www.youtube.com/watch?v=md9cWf8-_1Y&list=PLf35LHMJWZxYFcwxxytOp_1NeRa2QD0Ux
NOTE: I am not a tax accountant or financial planner. I'm just a guy on the internet, talking about precious metals. You'll need to consult a tax professional for complete details. Always do your own research before buying or selling gold or silver.
Видео Is Gold Taxable? The Truth About Capital Gains Taxes канала 2 is 1
✅This video focuses on federal capital gains tax, not state or municipal sales tax.
😉I also want to be clear that I don't have any gold. Mine was all lost in an unfortunate boating accident.
🔔 SUBSCRIBE: http://youtube.com/c/2is1gold?sub_confirmation=1
More info on gold coins: https://www.youtube.com/watch?v=6000btaaiQg&list=PLf35LHMJWZxa0hZysyUcHla2BHduR_-bJ
Top tips for newcomers: https://www.youtube.com/watch?v=md9cWf8-_1Y&list=PLf35LHMJWZxYFcwxxytOp_1NeRa2QD0Ux
NOTE: I am not a tax accountant or financial planner. I'm just a guy on the internet, talking about precious metals. You'll need to consult a tax professional for complete details. Always do your own research before buying or selling gold or silver.
Видео Is Gold Taxable? The Truth About Capital Gains Taxes канала 2 is 1
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
![Gold and Silver - Capital Gains Tax and IRS Reporting](https://i.ytimg.com/vi/mPlMpTev04A/default.jpg)
![Ed Steer: Silver Price is About to Blow Sky High](https://i.ytimg.com/vi/wtxr_yXDXTo/default.jpg)
![Lynette Zang: The Currency Collapse Has Begun: Hyperinflation Is Next!? | Gold & Silver](https://i.ytimg.com/vi/ljc8Yj-PpHg/default.jpg)
![How to Make a Coin Ring From a 1 oz US Gold Eagle](https://i.ytimg.com/vi/TCpYbLEK2YE/default.jpg)
![Silver Supply Crisis: Impossible To Source Metal for ETFs, Tricks Are Being Played Warns Middelkoop](https://i.ytimg.com/vi/qeY1n67LUOg/default.jpg)
![Buying and Selling Gold Coins - Everything Else You Need to Know](https://i.ytimg.com/vi/4q4OgudU4hA/default.jpg)
![How to make a gold bar (and silver bar too!)](https://i.ytimg.com/vi/CNOBLqAs2Uc/default.jpg)
![Robert Kiyosaki: I’m Buying All the Silver, It’s 100% Manipulated, Back Up the Truck](https://i.ytimg.com/vi/h3aCPiNPqCE/default.jpg)
![24k Gold or 22k Gold, Which is Better?](https://i.ytimg.com/vi/6000btaaiQg/default.jpg)
![Real Silver is Dangerously Close to Being Unobtainable](https://i.ytimg.com/vi/RSZ5Tb8L0DQ/default.jpg)
![3 Reasons to Buy Silver Over Gold | Episode 17 Silver or Gold? Which Precious Metal Should You Buy?](https://i.ytimg.com/vi/t2o42g-1Ygc/default.jpg)
![Why Silver Price Manipulation Is Best Reason To Own It: Ted Butler](https://i.ytimg.com/vi/gL0VfudSx3M/default.jpg)
![$100 or $10 Silver? | Patrick Karim](https://i.ytimg.com/vi/Zz6aCS73mlo/default.jpg)
![The Best Coin Capsules for Gold and Silver](https://i.ytimg.com/vi/m7lSvVq3FFc/default.jpg)
![Buying Gold Coins - Everything You Need To Know](https://i.ytimg.com/vi/QFMhb414nvo/default.jpg)
![Billionaire Reveals Sobering Insights Into America's Dystopian Future](https://i.ytimg.com/vi/m6KkRdZRC_I/default.jpg)
![Buy and Sell Gold and Silver - How It Works and Expert Tips](https://i.ytimg.com/vi/0mHmrNdaiBY/default.jpg)
![Why I'm Not Buying Physical Silver](https://i.ytimg.com/vi/yu-T0Qaz_ME/default.jpg)
![Selling Gold](https://i.ytimg.com/vi/o3IV6ryfESQ/default.jpg)
![Selling your coins and precious metals.](https://i.ytimg.com/vi/l4pTB9v-W48/default.jpg)