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<p>[QUOTE=&quot;ldhair, post: 26133583, member: 11540&quot;]I&#039;ll start by saying, I have to stay within the tax laws on everything I do. My folks raised me to be honest and stay within any laws. So here are my questions.</p><p><br /></p><p>Lets say I go to my local coin shop and trade silver bullion or coin silver for coins I collect. I&#039;m thinking there would be nothing to report at that point but the new coins would have the cost basis of what I paid for the silver used in the trade.</p><p><br /></p><p>Do coin dealers have any reporting requirements if the trade is over 10K? </p><p>Is my thinking correct? I will run all of this by my CPA at some point but I&#039;m not sure he will have a full understanding on the topic.[/QUOTE]</p><p><br /></p>

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