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    #1

    Gold Coins/Bullion

    I understand that the profit on the sale of gold bullion is classified as a collectable and is taxed at 28% capital gains rate.

    Does this apply to profit on sale of "USA Minted American Eagle Gold Coins" ?
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    #2
    Coins are included

    in the list of collectibles which have 28% tax applied to the gain. TTB 6-8, and IRS Pub 17, pages 114 and 115. Hope this helps!

    ATG
    "Congress has spoken to this issue through its audible silence."
    Anyone ever notice they beat the daylights out of the definition of a child, but they don't spend much time at all defining "parent"?

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    This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.

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