Paying state sales tax on internet bullion purchases

Wow, I did some searches on here and also the Kansas revenue website.

Trying to figure out if I need to pay KS sales tax on internet bullion purchases.

The KS revenue site was very confusing. Best I can tell 6.5% tax is required. Then it goes on to say it's a use tax and links to a four page tax form that was complicated at best.

Also, the KS government currently has a bill going thru the process to exempt PM's from sales tax.

The more I search the further down the rabbit hole I go with fewer answers and more questions.

Would appreciate any insight.

Thanks.

 

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If you buy In-state then yes they will charge you tax until the new law is passed. Keep it simple, buy online and from out of state. Even when they pass the law unless its online, brick and mortars usually charge more because they have much higher overhead. https://www.jmbullion.com/investing-guide/taxes-reporting-iras/sales-tax-precious-metals/

 

Don't sweat it. The way the tax codes are written the goobers won't catch you till after you're fifty years dead.........

 

Paid Kansas tax on my purchases as part of my state filing today.

My signature is my word and my bond including tax returns.