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<p>[QUOTE=&quot;KoinJester, post: 1252592, member: 29128&quot;]Welcome to CT first off.</p><p><br /></p><p>If you did a swap at a local shop there would be no tax&#039;s due at time of swap.</p><p><br /></p><p>When you cash in said gold/silver into cash that&#039;s when the Capital gains tax comes into effect. It is usually up to you to report it on your tax return. In my state the dealer does not report it unless you take cash in excess of over $9,999. If you take a check they do not report it. Now if&nbsp; they ever get audited and the IRS double checks your return against checks written that would be the only way they could catch you.[/QUOTE]</p><p><br /></p>

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