Message:

<p>[QUOTE=&quot;ToughCOINS, post: 2233098, member: 20480&quot;]Your interpretation about the exemption is twisted the wrong way around.&nbsp; The 1099 is a form dealers fill out when transacting bullion with customers . . . mostly when buying from them.&nbsp; The exemptions are for certain conditions under which the transactions take place . . . dollar amount, electronic payment, etc. . . . and are intended to save the dealers unnecessary paperwork.</p><p><br /></p><p>Despite the fact that you not only do not have to fill out a 1099, but are not supposed to, as a taxpayer, you are still legally obligated to report income of all kinds, including from the sale of bullion.[/QUOTE]</p><p><br /></p>

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