/biz/ - Business & Finance

>>20363777
yw
Some UPS or mailbox rental places have regular addresses, so it will look like an apartment instead of a P.O. box
eg
4321 Main St. #123

>>20200602
I know, the way it's worded is confusing. Up until a month or so ago, I assumed it was a flat 28% rate too. However, the IRS site says
>There are a few other exceptions where capital gains may be taxed at rates greater than 20%:
>may be
and it also says
>Net short-term capital gains are subject to taxation as ordinary income at graduated tax rates

The Ellsworth CPA site is more specific:
>The 28 percent capital gain tax on collectibles is the maximum tax rate. For example, if you are in the 15 percent income tax range, your collectible gain is taxed at that rate. If your income tax bracket is higher than 28 percent, the collectibles tax rate is capped at 28 percent

From what I and other anons have found, 28% is the max rate. It is balanced against other income which determines your overall tax bracket, how long you've held, if you paid for delivery, appraisal, cleaning, storage etc, other capital losses, deductions, and other factors.
Most will pay a lower rate than 28%. If you're selling thousands of ounces in a way that puts you in the 28% category, then chances are your regular tax bracket is in the 32%-37% range and the 28% max rate would work in your favor.

This is all getting TL;DR though. IF you plan to sell, IF it will be reported, IF you can't show a capital loss, IF you held for more than a year, IF you can' find the answer in the instructions for schedule 'D' and the tax tables, then consult a CPA.
I definitely wouldn't encourage any anon to avoid taxes by splitting it up into small transactions face-to-face and not reporting it. That would be illegal. In Minecraft.