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<p>[QUOTE=&quot;QUAVIET, post: 1292678, member: 1425&quot;]I have only bought slabbed coins at internet auction houses and now am going to sell some of them. The only question I have is about taxs. I live in Georgia and this state does not tax coins that I bought over the internet. The auction house is in California said they said they are not going to 1099 me, that is my responsibility. The words, &quot;that is my responsibility&quot; are what confused me because I know what a 1099 is and I know Georgia and the US Government do not tax the coins I bought. </p><p>Question: Do I have to report the coins I sell to Georgia and US IRS? I paid for the coins from my wages that were taxed. Thank You[/QUOTE]</p><p><br /></p>

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