You are viewing a single comment's thread from:RE: Leo Talk 3/22/2021 -Come Join Our ChatView the full contextView the direct parenttaskmaster4450le (80)in LeoFinance • 4 years ago Dont you have to pay taxes when you sell gold if a gain is realized? Posted Using LeoFinance Beta
I am not sure. But I guess a fee is taken if you sell it through a shop or market. However I think some traders could sell direct and skip the entire process of being documented.
Posted Using LeoFinance Beta
Knowing the IRS, I surmise they will treat all gains as worthy of them getting a piece.
I never heard of being except which wouldn't make sense. I know miners have to pay tax on what they sell the gold for, granted it is on a P/L.
Posted Using LeoFinance Beta
There probably is but I guess if people manage to trade it in person and avoid the books, they can probably get away with it.
Posted Using LeoFinance Beta