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<p>[QUOTE=&quot;coin0709, post: 7849178, member: 37995&quot;]Thanks. I am familiar with that site. The cited reference for the 1099-B sends readers to the JM Bullion site [<a href="https://www.jmbullion.com/investing-guide/taxes-reporting-iras/1099b-forms/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.jmbullion.com/investing-guide/taxes-reporting-iras/1099b-forms/" rel="nofollow">https://www.jmbullion.com/investing-guide/taxes-reporting-iras/1099b-forms/</a>) that says filing is required if &#039;<i>A cash transaction greater than $10,000.</i>&#039; Their site also defines a cash transaction as: “<i>Cash” is defined as any transaction payments of $10,000 or less that are made with traveler’s checks, cashier’s checks, money orders and bank drafts. Cash also refers to any purchases made with US or foreign currency. Personal checks, bank wires, credit/debit cards, PayPal and ACH transfers do not constitute as cash regardless of the payment amount. (<a href="https://www.jmbullion.com/reportable-bullion-transactions-infographic/" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.jmbullion.com/reportable-bullion-transactions-infographic/" rel="nofollow">https://www.jmbullion.com/reportable-bullion-transactions-infographic/</a>)</i></p><p><br /></p><p>So my question remains <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie50" alt=":happy:" unselectable="on" unselectable="on" />, are we left to trust HUGE online bullion dealers with the fine print of what is legal for us small-time dealers?[/QUOTE]</p><p><br /></p>

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