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| Name | Is Gold Taxable? The Truth About Capital Gains Taxes |
| Video Uploader | Video From 2 is 1 |
| Upload Date | This Video Uploaded At 20-10-2020 18:57:34 |
| Video Discription | 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. |
| Category | People & Blogs |
| Tags | is gold taxable | is silver taxable | irs taxes on gold | is gold taxed | gold taxes | reporting gold profits | reporting gold sales | are gold and silver taxed? | capital gains on gold | capital gains on silver | capital gains taxes on gold and silver | gold capital gains taxes | buying gold | selling gold | Selling gold coins |
