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<p>[QUOTE=&quot;lucyray, post: 877001, member: 24565&quot;]<b>re: capital gains on coins</b></p><p><br /></p><p>I have spoken with my accountant re: gains -- each year for five years. (I&#039;m of course talking of long term capital gains), and I&#039;m also talking of many coins.&nbsp; Anything I sell over 10k has to be reported. Plain and simple.&nbsp; It must be reported by whomever I deal with.&nbsp; And of course I&#039;m not willing to have them come after me for trying to &quot;hide&quot; a transaction.&nbsp;&nbsp; Now, of course, selling one coin at a time, as you have suggested is an interesting thought... wonder if I have over 2000 coins in my hands...one coin or 2 at a time??&nbsp;&nbsp; Sure, one coin or two, well no matter.&nbsp;&nbsp; Long Term Capital gains on bullion (at this moment, 2010) is 10 or 15% (sorry, not sure) and due to go up each year for the next number of years, back to what it used to be.&nbsp; Believe me, I have looked at many ways to do this, and really, I just wondered why none of the members here ever speak of capital gains.&nbsp; I thought it was mandatory that the reporting of gains take place.&nbsp; I did, after all, have to report every single coin, at my husbands death.&nbsp; A new floor was placed on 50% of the coins; the greater of the value of either the date of death or 6 months after death.&nbsp; At any rate, again, just curious why no one takes into consideration capital gains, AND commission costs when swapping their coins -- seems there is always a fee, even if one sided. If one takes it all into consideration, the amount of swapping would happen less, it seems, and not just for every little rise (or fall)..&nbsp; (and not to forget rate of inflation..)</p><p>Thanks again for the information.&nbsp; Kind regards to all.&nbsp; (Of course, I know the answer for me; wait until I can claim a huge Loss, AND a huge gain, so they&#039;ll wash.. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />&nbsp; Of course, this is not a tax forum; so, on with talk of gold and silver ![/QUOTE]</p><p><br /></p>

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