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Federal 1099-B reporting for private sales of gold and silver depends on the metal form and quantity: certain listed bullion and coins become reportable only when sold in specified minimum quantities ...
The requires dealers to for certain sales of gold and silver when specific purity and quantity thresholds are met; for gold bars/rounds the fineness threshold is .995 and the common quantity trigger i...
in 2025 are governed by two overlapping rulesets: reporting applies only to certain high‑volume, standardized bullion products that meet precise ‑linked weight and purity thresholds and therefore is n...
A narrow class of are effectively exempt from mandatory Form 1099‑B dealer reporting because they are either not the type or quantity of metal that the has approved for delivery under regulated future...
is the “Proceeds From Broker and Barter Exchange Transactions” return dealers must file when they purchase or broker sales of certain that meet the IRS’s reportable-item list and quantity thresholds; ...
: some stolen funds can be recovered if victims act fast and use the right channels; many cases, especially involving wire transfers or moved offshore, result in permanent loss . Recovery chances depe...
The Reportable Items List for precious metals is not a simple catalog of coin names but a rule set tying reportability to metals (gold, silver, platinum, palladium), specific product forms and brands,...
Private trades of gold and silver require careful documentation because dealers must file Form 1099‑B for certain sales and Form 8300 for large cash payments, and taxpayers must support cost basis and...
Since 2024 regulators have published a mix of historical enforcement records, recent penalty resolutions for compliance and surveillance failures, and market-data reports — but none of the official re...
treats sales of precious metals as in a form and quantity that correspond to a -approved regulated futures contract (RFC); sales of forms or quantities that are not covered by an RFC are not reportabl...
The available analyses show that the December 2024 review identifies the Commodity Futures Trading Commission (CFTC) as the , a finding repeated across two summaries of the same December 2024 piece . ...
’s reporting for bullion is limited to precious-metal forms and quantities that match –approved deliverable contracts; dealers and industry guides identify specific coins and bar specifications but di...
Bitcoin’s classification is by major U.S. regulators, but that label coexists with ongoing legal and regulatory debate about how different agencies and jurisdictions should treat various crypto produc...
Jasmine Crockett's public record shows a nuanced, transactional stance toward cryptocurrency: she has accepted significant financial support from crypto-aligned donors and super PACs while also sponso...
The does not use a separate "" formula for collectors' coins versus bullion; cost basis is generally the purchase price plus allowable acquisition costs, and inherited items receive a stepped-up basis...
publishes daily warehouse and delivery data that distinguish "registered" (deliverable) silver from "eligible" stocks and provides historical registrar reports and spreadsheets for verification . The ...
When a dealer furnishes a showing gross proceeds, that document is a third‑party report to the but not the final word on tax liability; the seller remains responsible for determining and reporting the...
Federal law creates two distinct reporting regimes that matter for private sales of gold and silver in Washington: cash-transaction reporting (Form 8300) for payments of $10,000 or more, and dealer re...
The IRS’s 2025 Form 1099‑B instructions say dealers must file for sales of certain precious‑metal forms that appear on the agency’s Reportable Items List; industry sources consistently identify a shor...
Private individuals who sell gold or silver to another private party generally are not the parties required to issue Form 1099-B or Form 1099‑S; the IRS and industry guidance focus reporting obligatio...