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<p>[QUOTE=&quot;Hobo, post: 1118093, member: 11521&quot;]Think again. Under the law that was passed as part of the healthcare bill a coin dealer (or any business for that matter) would be required to file a 1099 if you sold them $600 or more of gold, silver, coins, etc. in a calendar year. Not only would that be a HUGE bookkeeping and paperwork burden on businesses it would cause you untold headaches with the IRS. (If you could not provide paperwork documenting the purchase price of the items you sold you would probably have to pay income tax on the entire sale price.) </p><p>&nbsp;</p><p>Hopefully in the future our representatives in Washington will read bills before they vote on them instead of following &quot;logic&quot;: &quot;We have to pass the bill so we can find out what is in it.&quot;[/QUOTE]</p><p><br /></p>

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