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Is the Purchase of Gold Considered Lawful Money Redemption?
Hello All-
Is it feasible to categorize the purchase of gold as lawful money redemption on my tax return? Any opinions on this?
Thanks
Gregory Harold
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No.
You're welcome.
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Administrator
I think that is correct. But when you sell it, if you demand lawful money that "income" is not taxable. Like this silver transaction.
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