Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
tax consequences of coin collecting?
>
Reply to Thread
Message:
<p>[QUOTE="Just Carl, post: 835625, member: 4552"]To start with just how would the IRS know that when you die you leave a fantastic amount of coins to someone? If you left it to me, for instance, I would say nothing. </p><p>Also, just who in the IRS is watching what you buy and sell in coins? There are lots of dealers selling coins every day and pay no taxes at all on that.</p><p>Flea markets are full of possibly millions of people that sell almost anything on Earth and pay no taxes of any kind either. </p><p>My Son and his wife know about my coins, thier names are on my Safe Deposit boxes as co-owners so if something happens to me, they just go empty it all. No taxes there either. </p><p>If your really worried about the IRS, I could solve all your problems. Just send everything to me now. </p><p>You must realize that a coin does not have a seriel number, a model and make number, a factory seal or anything that makes is identifiable. yes if it is one of only 10 made maybe, other than that, no one knows what you have. OR DO THEY? Please check your home for devices planted there by the IRS. </p><p>If you do find any, please shout loudly that you don't know me.[/QUOTE]</p><p><br /></p>
[QUOTE="Just Carl, post: 835625, member: 4552"]To start with just how would the IRS know that when you die you leave a fantastic amount of coins to someone? If you left it to me, for instance, I would say nothing. Also, just who in the IRS is watching what you buy and sell in coins? There are lots of dealers selling coins every day and pay no taxes at all on that. Flea markets are full of possibly millions of people that sell almost anything on Earth and pay no taxes of any kind either. My Son and his wife know about my coins, thier names are on my Safe Deposit boxes as co-owners so if something happens to me, they just go empty it all. No taxes there either. If your really worried about the IRS, I could solve all your problems. Just send everything to me now. You must realize that a coin does not have a seriel number, a model and make number, a factory seal or anything that makes is identifiable. yes if it is one of only 10 made maybe, other than that, no one knows what you have. OR DO THEY? Please check your home for devices planted there by the IRS. If you do find any, please shout loudly that you don't know me.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
tax consequences of coin collecting?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...