Tuesday, October 22, 2013

How do I report on my tax return loss/gain from investment in precious metals? and IMF Conference: Sustainable Investment scaling up in LIC

How do I report on my tax return loss/gain from investment in precious metals?



Do I report it the same way as I do stocks?

I asked several people about how to report on tax return loss/gain from investment in precious metal. Some say you don't need to report on you tax return.
Do you have any advice?


Investment best answer:

Answer by muncie birder
precious metal gains are reported a little differently than other investments. They fall under a 28% tax rule rather than the normal capital gains rule. Considered collectables. Indeed many people do not report them if it was a cash transaction and untracable.


Investment

IMF Conference: Sustainable Investment scaling up in LIC
Investment

Image by International Monetary Fund
IMF Conference: Sustainable Investment scaling up in Low Income Countries



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