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The tax rate applied to long-term gains from the sale of collectibles, including precious metals, which can be up to 28%.
is a cash‑transaction reporting rule that obligates precious‑metal dealers to notify the government when they receive more than $10,000 in cash (or related cash instruments) in a single transaction or...
held by individuals are treated as “collectibles” by the , which exposes long‑term gains to a higher maximum rate (28%) than most stock gains, but there are several lawful structures and tactics—retir...
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...
When a precious‑metals dealer furnishes a Form 1099‑B, the taxpayer must reconcile the gross proceeds on that form with their own cost basis (generally purchase price plus dealer premiums, commissions...
Heirs seeking to prove cost basis and claim a for inherited precious metals must assemble a defensible paper trail: evidence (appraisals or estate tax schedules), chain‑of‑custody and ownership docume...