|
Re: Depression is coming
[Re: Finster]
#6954520
08/04/20 10:32 PM
08/04/20 10:32 PM
|
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
Gary Benson
trapper
|
trapper
Joined: Dec 2006
Posts: 21,716
Sandhills Nebraska
|
Heck, even if some law officers stop you and discover a pile of cash, you'd better be able to prove where you got it. It ain't just the IRS.
In NE, if LEO finds illegal cash, the county gets to keep it. The LEO likes that stuff.
Life ain't supposed to be easy.
|
|
|
Re: Depression is coming
[Re: Finster]
#6954560
08/04/20 11:08 PM
08/04/20 11:08 PM
|
Joined: May 2011
Posts: 1,405
Kansas
Kansas Cat
trapper
|
trapper
Joined: May 2011
Posts: 1,405
Kansas
|
49er, who said anything about a "viable" vaccine. Approved and viable are two different things. IMO it will be announced before the election. Russia is rolling one out August 10th. Surely ours won't be far behind.
Last edited by Kansas Cat; 08/04/20 11:13 PM.
|
|
|
Re: Depression is coming
[Re: Kansas Cat]
#6954570
08/04/20 11:17 PM
08/04/20 11:17 PM
|
Joined: Mar 2007
Posts: 35,176
McGrath, AK
white17
"General (Mr.Sunshine) Washington"
|
"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
|
49er, who said anything about a "viable" vaccine. Approved and viable are two different things. IMO it will be announced before the election. Russia is rolling one out August 10th. Surely ours won't be far behind. I read an article in one of the financial rags a couple days ago and they were actually predicting October 29 for an approval date. I am really skeptical of that.
Mean As Nails
|
|
|
Re: Depression is coming
[Re: Finster]
#6954580
08/04/20 11:27 PM
08/04/20 11:27 PM
|
Joined: May 2010
Posts: 10,485
MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,485
MN
|
If they roll out a vaccine within 12 months from now there is no way I'll take it. I don't need to grow a third leg.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Depression is coming
[Re: Finster]
#6954583
08/04/20 11:29 PM
08/04/20 11:29 PM
|
Joined: May 2010
Posts: 10,485
MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,485
MN
|
Stay home for a year if your worried about contracting it.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Depression is coming
[Re: Finster]
#6954590
08/04/20 11:32 PM
08/04/20 11:32 PM
|
Joined: Mar 2007
Posts: 35,176
McGrath, AK
white17
"General (Mr.Sunshine) Washington"
|
"General (Mr.Sunshine) Washington"
Joined: Mar 2007
Posts: 35,176
McGrath, AK
|
I have been  The odds are greatly against me........ Turkeys and pheasants are tough to resist though
Mean As Nails
|
|
|
Re: Depression is coming
[Re: Finster]
#6954694
08/05/20 06:28 AM
08/05/20 06:28 AM
|
Joined: May 2010
Posts: 10,485
MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,485
MN
|
That's called being prudent
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Depression is coming
[Re: white17]
#6954719
08/05/20 06:45 AM
08/05/20 06:45 AM
|
Joined: Mar 2013
Posts: 17,039
Fredonia, PA.
Finster
OP
trapper
|
OP
trapper
Joined: Mar 2013
Posts: 17,039
Fredonia, PA.
|
If you are buying small amounts it likely will never come up. But, if you are buying and selling through a broker there will be a record of every transaction. Remember, those broker/dealers are in business too and need to be able to prove their own expenses at tax time.
I don't mess with metals but I would not be surprised if it is very much like trading securities in a brokerage account. IRS gets a copy of every transaction I make...both buying and selling. My broker sends a record to the IRS.
When I file my return i better have a hardcopy of every one of those transactions and they better agree with what the IRS has already received.
If I were trading precious metals stocks it would be the same. There is no way that Uncle Sam lets people slide just because they are trading the physical metal rather than a paper or electronic version. Correct me if I'm wrong but it will really only post red flags to the IRS if the transaction is over $5000 correct? Not that you don't have to pay taxes on all of it anyway but it's sort of off the radar until the magic number of $5000. I'm talking selling off physical gold and silver not stocks or other things on paper.
I BELIEVE IN MY GOD, MY COUNTRY AND IN MYSELF.
|
|
|
|
|
