Legal Question in Tax Law in California
Tax on Gold Transaction
If I buy $50,000 in Gold Coins and over the course of time the value goes up to $75,000, is there a capital gains tax?
Asked on 6/27/09, 9:17 pm
1 Answer from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
Re: Tax on Gold Transaction
Yes, when you sell or otherwise realize your gain.
Answered on 6/27/09, 9:21 pm
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