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Just got this email from JM Bullion after purchase of 1 OZ Gold Krugerrand
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<p>[QUOTE="Speedbump, post: 2767146, member: 75637"]The problem we have in Nevada is what is considered a taxable bullion sale. Its an iffy topic depending on who you ask. Some claim to have written clarification from the state that exempts bullion coin that are minted for the purpose of investment. This would make bullion silver eagles exempt, but proof silver eagles would still get taxed. Other dealers say this is a load of crock and tax everything with a face value regardless. </p><p><br /></p><p><br /></p><p><br /></p><p>This is likely a somewhat recent development as I have purchased from them recently without issue. What was it that you tried to buy? Was it a government issued coin with a face value, or something generic like a round or bar?[/QUOTE]</p><p><br /></p>
[QUOTE="Speedbump, post: 2767146, member: 75637"]The problem we have in Nevada is what is considered a taxable bullion sale. Its an iffy topic depending on who you ask. Some claim to have written clarification from the state that exempts bullion coin that are minted for the purpose of investment. This would make bullion silver eagles exempt, but proof silver eagles would still get taxed. Other dealers say this is a load of crock and tax everything with a face value regardless. This is likely a somewhat recent development as I have purchased from them recently without issue. What was it that you tried to buy? Was it a government issued coin with a face value, or something generic like a round or bar?[/QUOTE]
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Just got this email from JM Bullion after purchase of 1 OZ Gold Krugerrand
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