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if i were to sell 20-30K in metal - tax consequences?
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<p>[QUOTE="lucyray, post: 1122556, member: 24565"]Hi Coleguy, sorry if this is a dumb question, but you said you "..just sold a few thousand in silver and had to pay no taxes on it..." and I am curious, this: wouldn't you be paying taxes (or not, as the case may be) NEXT year, when you file your taxes for 2011? Seems I get asked by my cpa/accountant each year questions like this, did I sell any... and depending on my answer it will then show up as a tax owed or not (as the case may be). So, why would you or would you not pay taxes right now? </p><p><br /></p><p>Like I said, sorry if it's a dumb question.. I'm NO accountant, but I do trust mine! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Darn, she's a stickler...(And I sure want her to be, since in the end I'm the one who's ultimately responsible..)</p><p><br /></p><p>Lucy <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="lucyray, post: 1122556, member: 24565"]Hi Coleguy, sorry if this is a dumb question, but you said you "..just sold a few thousand in silver and had to pay no taxes on it..." and I am curious, this: wouldn't you be paying taxes (or not, as the case may be) NEXT year, when you file your taxes for 2011? Seems I get asked by my cpa/accountant each year questions like this, did I sell any... and depending on my answer it will then show up as a tax owed or not (as the case may be). So, why would you or would you not pay taxes right now? Like I said, sorry if it's a dumb question.. I'm NO accountant, but I do trust mine! :) Darn, she's a stickler...(And I sure want her to be, since in the end I'm the one who's ultimately responsible..) Lucy :)[/QUOTE]
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if i were to sell 20-30K in metal - tax consequences?
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