Recent

% | $
Quotes you view appear here for quick access.

Silver Wheaton Corp. Message Board

you are viewing a single comment's thread.

view the rest of the posts
  • sivr6651 sivr6651 Jul 23, 2010 10:51 AM Flag

    Amazing RUSH to SILVER to BEAT 2012 TAX REPORTING

    Even if you buy today, there will be a paper trail of the sale, if you sell after 1/1/12. Any price appreciation after the 1/1/12 cutoff will be assumed by the IRS.

    Example... You buy today at $18. On 1/1/12 the price is $30. You sell 1/1/17. The price is $200. The IRS knows you paid no more than $30, so you are taxed for a gain of $170.

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Getting taxed is a given. The question is how much? They may tax at a point where you'd lose all your gains. They may even raise the tax enough just to discourage any future PM accumulation. I wouldn't put it past them to take the crookedest path. They know what is real money and they don't want you to have it.

 
SLW
26.56-0.14(-0.52%)Aug 26 4:00 PMEDT