Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Capital Gains/Losses on coins
>
Reply to Thread
Message:
<p>[QUOTE="NorthKorea, post: 1658523, member: 29643"]I'm possibly just confused, but doesn't your answer to 3 contradict your answer to 1?</p><p><br /></p><p>With exceptions made for extremely short mintage products, the Mint tends to charge a premium of $10-$50 above FMV of the product being sold. It says so on their website. The IRS could easily say that his mother's basis in the product is what the US Mint states as the greater of underlying value of the commodities or the face value of the coins.[/QUOTE]</p><p><br /></p>
[QUOTE="NorthKorea, post: 1658523, member: 29643"]I'm possibly just confused, but doesn't your answer to 3 contradict your answer to 1? With exceptions made for extremely short mintage products, the Mint tends to charge a premium of $10-$50 above FMV of the product being sold. It says so on their website. The IRS could easily say that his mother's basis in the product is what the US Mint states as the greater of underlying value of the commodities or the face value of the coins.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Capital Gains/Losses on coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...