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Message:: [QUOTE="AliceZ, post: 2233214, member: 75741"]Gold Eagle does not appear on the Reportable Items list below:========== What is a 1099-B IRS Form?  One of the purposes of IRS Form 1099-B is for precious metals dealers to report the proceeds of customer sales to the dealer for any of the precious metals from the IRS Reportable Items List.Why is this form required to be filed?  The 1099-B form is used to report any proceeds paid to a non-corporate seller to the IRS. This reporting enables the IRS to determine whether individuals who may be selling items as a source of income have properly reported the income from those sales on their tax returns.When is a 1099-B filed?  Dealers are required to file a 1099-B form when a customer sells the minimum quantity of any precious metals product that is included on the IRS’s Reportable Items List. Reporting specification varies depending on the specific coin or bullion piece(s) sold.What Items are IRS Reportable Items?  Reportable Item   Minimum Fineness   Minimum Reportable Amount  Gold Bars    0.995    Any size bars totaling 1 Kilo (32.15 troy oz) or more  Silver Bars    0.999    Any size bars totaling 1000 troy oz or more  Platinum Bars    0.995    Any size bars totaling 25 troy oz or more  Palladium Bars    0.9995    Any size bars totaling 100 troy oz or more  Gold 1 oz Krugerrand    as minted    Twenty-five (25) 1 oz coins  Gold 1 oz Maple Leaf    as minted    Twenty-five (25) 1 oz coins  Gold 1 oz Mexican Onza    as minted    Twenty-five (25) 1 oz coins  U.S. 90% Silver Coins    as minted    Any combination of dimes, quarters, or half-dollars totaling $1,000 face value or more[/QUOTE]

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