Answer
Dec 06, 2024 - 01:04 PM
In the United States, the sale of certain silver bullion products must be reported to the IRS when specific thresholds are met. For example, sales of 1,000 ounces or more of silver bars, or transactions involving 25 or more 1-ounce Silver Maple Leaf, Silver Krugerrand, or Silver Mexican Onza coins, require reporting on IRS Form 1099-B. However, these thresholds can vary, so it's important to consult with a tax professional or the IRS for the most accurate and up-to-date information.
This is a reminder to always consult a financial advisers when it comes to taxes and reporting.
This is a reminder to always consult a financial advisers when it comes to taxes and reporting.
