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Is coin trackers valuation accurate to estimate ungraded circ, coins.
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<p>[QUOTE="Clawcoins, post: 3916582, member: 77814"]yeah. Most "bullion" people tend to not report capital gains on their taxes especially if it is under $10k. We've had threads about that in the past here.</p><p><br /></p><p>Whereas if you trade stocks, etc or even Metal MF/ETFs those are automatically reported no matter how small and thus in your best interest to put them on your taxes.</p><p><br /></p><p>I also left out the cost of "holding" those bullion coins.</p><p>Do you already own a safe (or are you hiding them under your mattress)? Or do you plan on buying one, which will have a one time fixed cost which you could calculate into the base price of each coin/ round/ bar you have.</p><p>Or are you going to use a Safe Deposit Box, which has an Annual (or Monthly) cost which you could add to the base price ?</p><p>Or is some company "holding" that for you which will have their own costs?</p><p>Insurance costs ?</p><p><br /></p><p>Plus when you sell, you'll lose a bit of premium, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="Clawcoins, post: 3916582, member: 77814"]yeah. Most "bullion" people tend to not report capital gains on their taxes especially if it is under $10k. We've had threads about that in the past here. Whereas if you trade stocks, etc or even Metal MF/ETFs those are automatically reported no matter how small and thus in your best interest to put them on your taxes. I also left out the cost of "holding" those bullion coins. Do you already own a safe (or are you hiding them under your mattress)? Or do you plan on buying one, which will have a one time fixed cost which you could calculate into the base price of each coin/ round/ bar you have. Or are you going to use a Safe Deposit Box, which has an Annual (or Monthly) cost which you could add to the base price ? Or is some company "holding" that for you which will have their own costs? Insurance costs ? Plus when you sell, you'll lose a bit of premium, etc.[/QUOTE]
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Is coin trackers valuation accurate to estimate ungraded circ, coins.
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