WebThere are certain sales tax exemptions in place when you buy silver and gold in Florida. Purchases of silver, gold, and platinum bullion are free of sales tax if the total purchase price is $500 or greater. If you buy less than $500 of precious metals bullion at a time, you must pay the Florida state sales tax of 6%. WebThere is no reporting requirement from a gold dealer to the IRS of what we sold to you, unless BOTH of the following conditions exist: 1. The transaction (s) exceed $10,000; …
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WebDec 31, 2024 · Physical holdings in gold or silver are subject to a capital gains tax equal to your marginal tax rate, up to a maximum of 28%. That means individuals in the 33%, 35%, and 39.6% tax... WebMar 24, 2024 · Though, depending on how you held your gold, you will either have to pay taxes at the ordinary capital gains rate or at a general rate of 28%. (More about that below.) The IRS does not treat gold as a … WebJan 20, 2024 · Investors can buy gold ETFs through a stockbroker. While most online commissions run under $10, the commissions potentially can add up if you are an active … burnished silver eagles mintage numbers