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Tax guys. How do the taxes work on silver?
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<p>[QUOTE="ldhair, post: 8516672, member: 11540"]Lets say you sell a bunch of Silver Eagles and make a large profit. Do you show the profit as a cap gain on your income tax return or is it taxed as a hobby?</p><p>I'm thinking cap gains get taxed at about 20% this year. What % if you have to show it as a hobby?[/QUOTE]</p><p><br /></p>
[QUOTE="ldhair, post: 8516672, member: 11540"]Lets say you sell a bunch of Silver Eagles and make a large profit. Do you show the profit as a cap gain on your income tax return or is it taxed as a hobby? I'm thinking cap gains get taxed at about 20% this year. What % if you have to show it as a hobby?[/QUOTE]
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Tax guys. How do the taxes work on silver?
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