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<p>[QUOTE=&quot;Blaubart, post: 1657790, member: 37498&quot;]I think it&#039;s stupid that our tax laws are so complex that most people have to hire a professional or at least buy software to help them navigate all the rules.</p><p><br /></p><p>As for the OP, I have no clue.</p><p><br /></p><p>I did recently think of a way that less than honest bullion traders could possibly cheat the system:</p><p><br /></p><p>Let&#039;s say you own a bunch of 2004 ASE&#039;s that you may or may not have receipts for.&nbsp; If you sell them today, you&#039;ll make a tidy profit and would be obligated to pay taxes on them.&nbsp; But, what if you trade them for 2012 ASE&#039;s, and then sell them?&nbsp; Can you claim the lowest possible price that you could have paid for ASE&#039;s in 2012 from your local coin store as your cost without a receipt?&nbsp; i.e. Let&#039;s say your coin store sells them at spot plus $4 and the lowest price silver was at in 2012 was around $26.&nbsp; So the lowest possible price you could have paid for them would have been $30 each.&nbsp; Much better than the $9 each that your basis could have been if you bought them in 2004.[/QUOTE]</p><p><br /></p>

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