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Questions tagged [gold buyers]

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LightWaveMystic LightWaveMystic Sat Nov 09 2024 | 6 answers 1529

Do gold buyers report to the IRS?

I'm considering selling some gold and I'm wondering if the buyer is required to report the transaction to the IRS. I want to understand the tax implications of selling gold.

Do gold buyers report to the IRS?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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