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Personal Finance and Investing

(51,282 posts)

2. Will the federal tax on the sales be part of the 20-30% commission?

Fri Feb 14, 2025, 12:14 PM

Feb 14

Selling gold is like selling stocks. You pay for the profit of the sale(s).

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amount of gold and silver in a portfolio [View all] sweetapogee Feb 14 OP

Will the federal tax on the sales be part of the 20-30% commission? no_hypocrisy Feb 14 #2

Tax should be on the net profit. 3Hotdogs Feb 14 #3

And would it be separate from the commission fee? no_hypocrisy Feb 14 #4

OK sweetapogee Feb 14 #6

Personally, I own gold and silver jewelry PoindexterOglethorpe Feb 14 #5

This message was self-deleted by its author Mosby Feb 17 #9

ok sweetapogee Feb 20 #11

I'm less cautious... Happy Hoosier Feb 25 #12

thank you so much sweetapogee Feb 25 #13

Sounds like you are well situated! Happy Hoosier Feb 25 #14

i think 3-5% ie enugh for gold in a portfolio. 0% for silver moonshinegnomie Mar 6 #15