That is not natural .
If you are a dealer you file a schedule C for business income. The 28 % rate is for Capital gains on collectibles. As a dealer you are taxed based...
If you are a dealer then you use Schedule C for business income . In order to be considered a dealer you would have to meet strict IRS guidelines.
I was an accountant for 20 plus years. I am happy I got out of it 11 years ago :-)
Information is on the internet , just search collectibles and capital gains . Totally different then regular cap gain when you sell stocks .
Just to clarify for others : Long term capital gains on collectibles are taxed at a flat 28 % , short term gains are taxed at your ordinary...
Your reasoning is flawed and would not hold up in tax court or any court for that matter. So what if the boxes are empty – maybe someone kept...
I know what the IRS can and can not do , that’s is easy they can do whatever they want . Access and size of a safe deposit box does not prove a...
I do have a financial background degree in accounting. The IRS does not tax you on your life style. The proper way to make that statement would be...
If someone pays cash for an item they can put whatever information they want on a 1099 form. :-}
I should have said I think it will be repealed.
My opinion is this law will not pass . Even if it does, most cash and EBAY transactions will fall under the radar just like they do now.
What a ridiculous comment. There are no cameras in the private rooms where the banks require you to take your safe deposit box once it is taken...
http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=11843
The premium prices you see is proof how naïve inexperienced people can be in this hobby .
So you are telling me that you never had a coin come back non gradable ?? Or you never purchased a coin from GSC that you had to send back . If...
Have you ever sent any of their coins in for grading ??
My favorite subject – GSC From experience : 1) All their photos are juiced up to cover problems 2) They overgrade all their raw...
Unless you are a power seller, standard auctions on EBAY are a waste of time and money. I hate EBAY , however there is not a viable alternative...
I list my Bin price at least 30 % higher then my cost with the best offer option. All my BIN prices are well below Numismedia and PCGS retail....
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