Janette Fyksen

Janette Fyksen

Wannabe internet buff. Total bacon enthusiast. Hipster-friendly internet aficionado. Certified twitter fan. Certified beer fan. Total beeraholic.

40 Posts Written
Do gold purchases have to be reported?

Do gold purchases have to be reported?

Tax obligations for the sale of precious metals do not expire at the time the sale takes place. Instead, sales of...

Can you hide gold from the government?

Can you hide gold from the government?

You don't have to tell the U.S. government that you own the gold or that you're storing it.

Are gold coin purchases reported to the government?

Are gold coin purchases reported to the government?

When it is necessary to report a purchase of gold, the dealer will be the one to report it. Form 8300 requires...

Are gold coins reportable?

Are gold coins reportable?

There are only a few coins that need to be declared to the IRS. For sales of gold ingots and ingots to be considered...

Can the government take your gold coins?

Can the government take your gold coins?

Under current federal law, the federal government can confiscate gold ingots in times of national crisis. As...

How much does it cost to store gold in a bank?

How much does it cost to store gold in a bank?

If your purchases are for a self-directed IRA, your storage options are limited. IRS regulations prohibit keeping gold...

Can i deposit gold in a bank?

Can i deposit gold in a bank?

Yes, you can keep gold and silver in a bank. But keep in mind that, according to The New York Times, there are no federal ...

Are collectibles long-term capital gains?

Are collectibles long-term capital gains?

The IRS considers most collectible items, except those sold by dealers, to be capital assets. As a result, any gain from...

What does the irs consider a collectible?

What does the irs consider a collectible?

Definition of collectible Any metal or gem (with limited exceptions, below), any stamp or coin (with limited exceptions,...

Is the sale of precious metals taxable?

Is the sale of precious metals taxable?

Tax obligations for the sale of precious metals do not expire at the time the sale takes place. Instead, sales of...

Are you taxed when you sell gold?

Are you taxed when you sell gold?

This is the case not only for gold coins and ingots, but also for most ETFs (exchange-traded funds), which are subject to ...

Do you pay taxes on mining?

Do you pay taxes on mining?

In exchange for this work, miners receive cryptocurrency as a reward. If you earn cryptocurrencies by mining them, they...

How much is crypto mining taxed?

How much is crypto mining taxed?

Hold on to cryptocurrencies for the long term Depending on your taxable income for the year, this can nearly halve your...

Is it better to contribute to a roth ira monthly or in lump sum?

Is it better to contribute to a roth ira monthly or in lump sum?

By investing every month, rather than in a single sum, you protect yourself against price volatility. This could be...

Is buying gold reported?

Is buying gold reported?

However, no government regulations require notification of purchases of precious metals themselves. The government...

How much should you put in your roth ira per year?

How much should you put in your roth ira per year?

If lower, your taxable compensation for the year. There's no minimum age limit for opening a Roth IRA, and you can...

Do you have to put money in a roth ira every month?

Do you have to put money in a roth ira every month?

Sometimes, cash flow can be a temporary problem, but even if you can't invest money every month, you should do your best...

Do gold purchases get reported to irs?

Do gold purchases get reported to irs?

For sales of gold ingots and ingots to be considered declarable, each individual piece of ingots must have a fineness of...

Does selling gold count as income?

Does selling gold count as income?

As mentioned earlier, the sale of precious metal coins, cartridges and ingots can serve as an additional source of income ...

Can you contribute to a sep ira after age 72?

Can you contribute to a sep ira after age 72?

You must contribute for each employee eligible to participate in your SEP, even if they are over 70 and a half years old. ...

How is real estate taxed in an ira?

How is real estate taxed in an ira?

Real estate income in traditional IRAs is not taxable until the assets are withdrawn. Assets withdrawn from Roth IRAs are ...

How does a real estate ira work?

How does a real estate ira work?

A real estate IRA is a self-directed individual retirement account (SDIRA) that you can use to hold real estate as an...

Can a 75 year old contribute to a roth ira?

Can a 75 year old contribute to a roth ira?

You can make contributions to your Roth IRA after you turn 70½. You can leave amounts in your Roth IRA for as long as...

Does selling jewelry count as income?

Does selling jewelry count as income?

Your capital gains tax rate corresponds to your income tax category and can range from zero to 20%. If you sell your...

How much gold can i buy without reporting uk?

How much gold can i buy without reporting uk?

Transaction limits and anti-money laundering regulations for purchases and. Customers can purchase up to 20,000€ per...

When you buy gold where is it kept?

When you buy gold where is it kept?

In reality, there are only three ways to store your gold: keeping it at home, using a bank's safe, or paying an outside...

What happens when you sell gold?

What happens when you sell gold?

And since gold is an investment asset, when you sell your gold and make a profit, it's taxed as capital gains. However,...

How often should you contribute to roth ira?

How often should you contribute to roth ira?

For many people, contributing the annual maximum to their IRA all at once is difficult. The next best option is to set up ...

Is it worth it to sell gold now?

Is it worth it to sell gold now?

Prices are at an all-time high, so if you're thinking about selling your old gold jewelry, gold coins or any type of...

Can gold be converted to cash?

Can gold be converted to cash?

It's not hard to buy gold. However, it can be difficult to figure out where to directly convert your money into gold.

How do you change gold into cash?

How do you change gold into cash?

Other ways to sell gold for CashOnline gold buyers, local gold buyers, local cash for gold companies, pawn shops, coin...

Can gold be sold for cash?

Can gold be sold for cash?

The advantage of selling locally is that you receive your money quickly, sometimes at the same time you receive the...

What is included in long-term capital gains?

What is included in long-term capital gains?

Gains from selling assets that you have held for more than a year are known as long-term capital gains and are generally...

Do you pay taxes on crypto mining?

Do you pay taxes on crypto mining?

If you mine cryptocurrency in exchange for this work, miners receive cryptocurrency as a reward. If you earn...

Do i have to report income from selling collectibles?

Do i have to report income from selling collectibles?

If collectibles are sold at a profit, they will be subject to a long-term capital gains tax rate of up to 28%, if...

How much gold can i buy in a year uk?

How much gold can i buy in a year uk?

Customers can purchase up to 8,000 pounds sterling in cash per year in a row; the limit is from the date of their first...

Is gold tax free in the uk?

Is gold tax free in the uk?

Bullion coins that are considered legal tender in the United Kingdom are generally exempt from VAT and CGT. Sovereigns of ...

Is gold a income?

Is gold a income?

Instead, sales of physical gold or silver must be reported on Schedule D of Form 1040 of your tax return. Gold stocks...

Can the us seize gold?

Can the us seize gold?

Effects · Processings · Subsequent events and. Since gold jewelry is not considered a financial asset under U.S.

Where do you turn gold into cash?

Where do you turn gold into cash?

A local pawn shop or coin dealer will give you the opportunity to talk to someone in person and leave with the money in...