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<p>[QUOTE=&quot;Owle, post: 1018322, member: 22004&quot;]<b>Taxes on Junk Silver</b></p><p><br /></p><p>Just talk with your tax preparer.&nbsp; Chance of being audited less than 1% less than 150K. You could always file as a self-employed coin dealer and then deduct all expenses. A basic record with cash transactions in a notebook will probably stand up in tax court or with the IRS.&nbsp; I doubt there is anyone in the country who has been nailed for back taxes on hard assets alone, unless the person was a tax protestor or otherwise a target like Al Capone.&nbsp; </p><p>&nbsp;</p><p>Check out <a href="http://www.quatloos.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.quatloos.com" rel="nofollow">www.quatloos.com</a> for unsuccessful tax protesting, but I doubt you are one of those.&nbsp; </p><p>&nbsp;</p><p>ICTA says the rate is 28%, but the IRS said told me that it is 15% this year after finding the expert on this question.&nbsp; So I paid 15%....[/QUOTE]</p><p><br /></p>

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