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<p>[QUOTE="ldhair, post: 26133995, member: 11540"]Please stop. Your words could get this thread locked. </p><p><br /></p><p>Thank you to those that were helpful. I can see now that my cost basis will not carryover to the new coins. Knowing that the dealer must report it and reading the 1099-B form were a big help. I think my best bet is to let the silver pass on to my son. His cost basis will be market value as of the date I pass. It would have been cool to turn the silver into just a few coins without the worry of taxes.[/QUOTE]</p><p><br /></p>
[QUOTE="ldhair, post: 26133995, member: 11540"]Please stop. Your words could get this thread locked. Thank you to those that were helpful. I can see now that my cost basis will not carryover to the new coins. Knowing that the dealer must report it and reading the 1099-B form were a big help. I think my best bet is to let the silver pass on to my son. His cost basis will be market value as of the date I pass. It would have been cool to turn the silver into just a few coins without the worry of taxes.[/QUOTE]
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The tax laws on selling silver.
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