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<p>[QUOTE="Tall Paul, post: 25590132, member: 114635"]It's up to you to report any capital gains when you file your tax return. The dealer might or might not offer you a receipt of the transaction. As someone mentioned, "what gold, what cash." In NY, every transaction is held for a few weeks for the police to check against reports of stolen property, but the transaction is not reported to the IRS. Speaking for myself my profits from selling gold are more than offset by my losses from selling platinum.[/QUOTE]</p><p><br /></p>
[QUOTE="Tall Paul, post: 25590132, member: 114635"]It's up to you to report any capital gains when you file your tax return. The dealer might or might not offer you a receipt of the transaction. As someone mentioned, "what gold, what cash." In NY, every transaction is held for a few weeks for the police to check against reports of stolen property, but the transaction is not reported to the IRS. Speaking for myself my profits from selling gold are more than offset by my losses from selling platinum.[/QUOTE]
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