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<p>[QUOTE="lucyray, post: 999370, member: 24565"]And don't forget to add in the 28% on the gain (it would serve to reduce net profit, yes?_ Or is there a way to avoid 28%, say for long term capital gains at a lesser amount (isn't bullion treated same as numismatic? I hope and wish I was wrong on that; capital gains I THINK is less than the 28% for the time being, again not sure..) Or perhaps, sell when you are set to take a loss elsewhere, hopefully offsetting the gain (gee, isn't that a way to think...sigh..)(hope for a loss???_ But wait, I think someone did recommend in past posts to sell a little at a time, so that gains might not have to be recognized?) Sheesh! Hope for kids. But WAIT! The little bit I know about that, is if you leave it to someone other than your spouse (with current estate values of up to 3.5 though I think that is/has changed) then THEY have to pay the tax on the gifted amount, well, unless it is included somewhere in your once in a lifetime gift of ....not sure the number anymore. Can't think of what that's called; unified tax credit comes to mind, but somehow I don't think that's it. Oh well, just more thinking on the subject. Myself, I would like to cash it all in at a gain, pay the tax, and then run and hide with what's left, spend it ALL, pay for my funeral, then go "POOF"! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /> Don't sweat the small stuff, is the saying. Good advice, especially now with these little ups and downs.[/QUOTE]</p><p><br /></p>
[QUOTE="lucyray, post: 999370, member: 24565"]And don't forget to add in the 28% on the gain (it would serve to reduce net profit, yes?_ Or is there a way to avoid 28%, say for long term capital gains at a lesser amount (isn't bullion treated same as numismatic? I hope and wish I was wrong on that; capital gains I THINK is less than the 28% for the time being, again not sure..) Or perhaps, sell when you are set to take a loss elsewhere, hopefully offsetting the gain (gee, isn't that a way to think...sigh..)(hope for a loss???_ But wait, I think someone did recommend in past posts to sell a little at a time, so that gains might not have to be recognized?) Sheesh! Hope for kids. But WAIT! The little bit I know about that, is if you leave it to someone other than your spouse (with current estate values of up to 3.5 though I think that is/has changed) then THEY have to pay the tax on the gifted amount, well, unless it is included somewhere in your once in a lifetime gift of ....not sure the number anymore. Can't think of what that's called; unified tax credit comes to mind, but somehow I don't think that's it. Oh well, just more thinking on the subject. Myself, I would like to cash it all in at a gain, pay the tax, and then run and hide with what's left, spend it ALL, pay for my funeral, then go "POOF"! :) Don't sweat the small stuff, is the saying. Good advice, especially now with these little ups and downs.[/QUOTE]
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