Index/Organizations/Washington Department of Revenue

Washington Department of Revenue

Fact-Checks

14 results
Dec 4, 2025
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What tax rules apply to private sales of precious metals in Washington state?

Washington has changed long-standing practice: the state repealed the sales-tax exemption for precious metal bullion and monetized bullion in 2025, and beginning Jan. 1, 2026 those private sales will ...

Dec 4, 2025
Most Viewed

Are private sales of gold and silver subject to Washington state sales tax?

Washington repealed its long-standing sales-tax exemption for precious-metal bullion and monetized bullion in 2025; the state Department of Revenue says gross income from sales of bullion will be taxa...

Oct 21, 2025
Most Viewed

is washington state trying to tax gold

Washington State has repealed a long-standing sales-tax exemption for precious-metal bullion and monetized bullion, and state guidance confirms those sales will be subject to Washington’s business-and...

Nov 5, 2025

Are private sales of gold between individuals taxable in Washington state?

Private sales of gold between individuals in Washington state have generally been treated as , but that exemption is scheduled to end and the state will apply retail sales tax and B&O taxes to sales o...

Dec 9, 2025

Do capital gains taxes apply to individuals selling precious metals in Washington state?

Washington’s capital gains excise tax applies to individual capital gains above the standard deduction (about $270–278K), taxed at 7% up to $1 million of taxable gain and 9.9% on the portion above $1 ...

Dec 12, 2025

Are transfers of precious metals between Washington residents subject to state sales or use tax?

Washington repealed its long‑standing sales‑and‑use tax exemption for “precious metal bullion” and “monetized bullion” in 2025; effective January 1, 2026, sales that had generally been exempt will be ...

Jan 17, 2026

Is sales tax or use tax owed on private sales of precious metals in Washington state?

Washington repealed its longstanding sales-tax exemption for precious metal bullion and monetized bullion effective January 1, 2026, meaning retail sales of gold, silver and similar items to end consu...

Dec 7, 2025

What reporting requirements exist for private precious metal transactions in Washington?

Washington state recently rewrote how dealers and sellers of precious metals are treated for state taxes: effective Jan. 1, 2026, sales of “precious metal bullion” and “monetized bullion” are taxable ...

Jan 18, 2026

How do Washington sales-tax destination and nexus rules apply to online precious-metal purchases shipped from out-of-state vendors?

Washington repealed its long-standing exemption for precious metal bullion and monetized bullion effective January 1, 2026, and the Washington Department of Revenue says sales to end consumers—includi...

Jan 2, 2026

Which U.S. states tax purchases of physical gold and silver bullion?

A precise, up-to-date nationwide roster of which U.S. states tax retail purchases of physical gold and silver bullion cannot be fully compiled from the provided reporting alone, but the sources confir...

Dec 7, 2025

Are private gold and silver transfers considered taxable tangible personal property in Washington?

Washington historically exempted sales of qualifying gold and silver bullion and monetized coins from retail sales tax, but the legislature passed changes that make sales of precious-metal bullion and...

Dec 4, 2025

Are there exemptions for small private gold sales in Washington?

Washington’s longtime sales-tax exemption for “precious metal bullion” and “monetized bullion” was repealed in 2025 and the state will begin taxing such sales effective Jan. 1, 2026 (Washington Depart...

Nov 7, 2025

What reporting or recordkeeping requirements would dealers have under Washington gold taxation rules?

Washington state changed how precious metal bullion, including gold, is taxed: exemptions are being repealed and sales will become taxable starting January 1, 2026, creating new reporting and recordke...

Nov 5, 2025

Are private sales of gold between individuals subject to Washington state sales tax?

Private sales of gold between individuals in Washington state were generally treated as exempt from state retail sales tax under earlier guidance and WAC 458-20-248 frameworks, but . Current pre-2026 ...