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<p>[QUOTE=&quot;drathbun, post: 1615673, member: 42789&quot;]Sorry for the post necromancy, but wanted to point out for potential future readers that since the coins were a gift, and the total was less than $13,000 per person, there are no tax considerations at all. IRS allows you to gift up to $13,000 per year without tax implications. Since the gift was to two brothers, they each received $5,050 and there are no tax issues at all. There&#039;s no need to try all the subterfuge that was mentioned in this topic. </p><p><br /></p><p><a href="http://www.irs.gov/Businesses/Small-Businesses-&amp;-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.irs.gov/Businesses/Small-Businesses-&amp;-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes" rel="nofollow">http://www.irs.gov/Businesses/Small-Businesses-&amp;-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes</a></p><p><br /></p><p>I assume each brother would have their own bank account, so the individual deposits would also not trigger the &quot;money laundering&quot; check, which is why banks have to report any transactions over $10,000. That&#039;s a completely different issue, and not related to taxes at all.</p><p><br /></p><p><a href="http://en.wikipedia.org/wiki/Bank_Secrecy_Act" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Bank_Secrecy_Act" rel="nofollow">http://en.wikipedia.org/wiki/Bank_Secrecy_Act</a>[/QUOTE]</p><p><br /></p>

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