I read on the internet that one can sell, online, less than 25 troy ounces of gold Maple Leaf coins without reporting the sale to the IRS. Is this true? Is this over a calendar year?
1 Answer
if you sell less then 25 1oz Maple Leaf gold coins, you do not have to file a 1099-B at the time of the sale. You still have to report the proceeds on Schedule D when you file your income taxes for the year.
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1So I still have to pay capital gains taxes. I just don't have to file a 1099-B immediately. Dec 30, 2019 at 13:57
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