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<p>[QUOTE="coleguy, post: 791379, member: 9167"]I know this will be the equivalent of me throwing a grenade into a tea party, but just because a purchase of over 10K may be made doesn't throw a spotlight on you for tax purposes. Many people who stockpile bullion never sell for decades. Many never sell at all. How many actually report gains to the IRS, and how would the IRS know if someone didn't. I'm not advocating anyone break the law, but how many here can say with a straight face they report every single sale, and we all know we sell for a profit? That reportable purchase is meaningless in all practical sense, unless you're a dealer.</p><p>Guy~[/QUOTE]</p><p><br /></p>
[QUOTE="coleguy, post: 791379, member: 9167"]I know this will be the equivalent of me throwing a grenade into a tea party, but just because a purchase of over 10K may be made doesn't throw a spotlight on you for tax purposes. Many people who stockpile bullion never sell for decades. Many never sell at all. How many actually report gains to the IRS, and how would the IRS know if someone didn't. I'm not advocating anyone break the law, but how many here can say with a straight face they report every single sale, and we all know we sell for a profit? That reportable purchase is meaningless in all practical sense, unless you're a dealer. Guy~[/QUOTE]
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