🟡 Buying Gold & the IRS: What Investors Should Know

A CBS News report explains when the IRS can see gold purchases — and when buying physical gold remains largely private under US tax rules.

Key Facts:

Buying physical gold (coins/bars) is usually not automatically reported to the IRS

Cash transactions over $10,000 must be reported by dealers (Form 8300)

Selling certain amounts/types of gold can trigger dealer reporting

Gold held in an IRA is fully reportable like other retirement assets

Expert Insight:

Gold offers more privacy than stocks, but it’s not invisible — large cash deals and future sales can still reach the IRS.

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