Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
IRS & Your Coins
>
Reply to Thread
Message:
<p>[QUOTE="midas1, post: 932642, member: 21309"]"I wish there would be some legislation to allow me to cash in my investment coins in as a sort of Roth IRA. I paid for all of my collection with taxed income already, and after inflation I'll most likely lose money on most of it anyway. I know there would be a great deal of paperwork involved, and probably not make it worth peruing. I think I'll just pass it on to my kids and let them decide how to report any financial gains."</p><p>****************************************</p><p><br /></p><p>Every coin\currency show I attend I see dealers make very large cash transactions w/o any paperwork. I'm not advocating ducking taxes I'm only reporting on what I've seen at every show I attend.</p><p><br /></p><p>It's only a matter of time before the IRS starts using TPG records to enforce IRS laws.</p><p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="midas1, post: 932642, member: 21309"]"I wish there would be some legislation to allow me to cash in my investment coins in as a sort of Roth IRA. I paid for all of my collection with taxed income already, and after inflation I'll most likely lose money on most of it anyway. I know there would be a great deal of paperwork involved, and probably not make it worth peruing. I think I'll just pass it on to my kids and let them decide how to report any financial gains." **************************************** Every coin\currency show I attend I see dealers make very large cash transactions w/o any paperwork. I'm not advocating ducking taxes I'm only reporting on what I've seen at every show I attend. It's only a matter of time before the IRS starts using TPG records to enforce IRS laws. [LEFT][COLOR=#000000] [/COLOR][/LEFT][/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
IRS & Your Coins
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...