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Index/Topics/State Sales and Use Taxes

State Sales and Use Taxes

Variation in state sales and use taxes on purchases of physical gold and silver

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Jan 26, 2026
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What federal tax reporting and capital‑gains rules apply to selling physical gold and silver?

are treated as capital assets for federal tax purposes and gains are reported on Schedule D/Form 1040; long‑term gains on physical bullion are taxed under the “collectibles” rules with a maximum feder...

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