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The taxation of bullion sales in Washington state, including the distinction between sales to end consumers and resellers
, repealed the long-standing exemption for precious metal bullion and monetized bullion, making retail sales of those items subject to and subjecting sellers to under the Retailing classification . Th...
does not levy a general personal income tax , so there is no routine “state income tax return” on which most residents would report capital gains from selling gold or silver; however, state tax rules ...
-sales">Washington historically treated “precious metal bullion” differently from or collectible coins for sales-tax purposes by exempting bullion whose value rests on metal content and coins used as ...
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...
Washington enforces use tax primarily through a combination of legal obligation to self-report, targeted audits of businesses and institutions, vehicle-registration triggers, and rules that push remot...
sales of precious metal bullion and monetized bullion as taxable retail or wholesale sales for state Business & Occupation (B&O) tax and retail sales tax beginning Jan. 1, 2026, which means sellers wh...