Message:

<p>[QUOTE=&quot;coleguy, post: 293459, member: 9167&quot;]I do keep good records of my purchases for my own knowledge. I still think it&#039;s wrong the gov rapes people for enjoying their hobby though. Why is it the gapital gains taxes on stocks and most other investments is a flat 15% while collectibles are taxed up to 28%? Thats absurd!</p><p>&nbsp;</p><p>Lucky for us, I found out, under tax code Section 1031, we don&#039;t have to pay taxes on any gapital gains made if that money is re-invested. One could take the profit and re-invest in a lower taxed option and come out ahead. It&#039;s just a shame we&#039;re penalized for our hobby at all.</p><p>&nbsp;</p><p>One other point I was confused on. Would we still get stuck paying CG taxes on coins in those states that have no sales tax on coins? I buy mostly in AZ, where there is no tax on purchases of currency. Wouldn&#039;t that apply to seeling them as well?</p><p>GUy~[/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