For sales of gold bars and cartridges to be considered reportable, each individual piece of bullion must have a purity of at least. Similarly, for sales of silver bars and cartridges to justify reporting, each piece of silver must have a fineness of at least. When investing, many people try to find ways to buy gold and silver tax-free. We understand that many investors and collectors want to maintain their privacy when making buying decisions related to buying and selling gold and silver.
However, the IRS requires that we report individual sales and some repurchase transactions.
