When Should I Sell My American Silver Eagle Coins & Bullion
The two most important questions when investing are, "when do I buy?" and "when do I sell?" Analysis of the economy, price movements, interest rates, debt levels, unemployment, supply and demand, public sentiment etc. are all intended to help us determine when to buy and when to sell an investment.
Government & Regulatory Pressure on Market
Effective Jan. 1, 2012, the Internal Revenue Service will require that 1099 tax forms will be required for all transactions involving coins and PMs that are bought or sold in excess of $600. IRS Form 1099 is used to report independent contractor income, income from dividends, and income from many other sources.
Section 9006 of the Patient Protection and Affordable Care Act (Public Law 111-148), "SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS. (a) IN GENERAL. " - Section 6041 of the Internal Revenue Code of 1986 is amended to require a 1099 issued for any transaction of coins and bullion in excess of $600.SEC. 9006. EXPANSION OF INFORMATION REPORTING REQUIREMENTS.
- Cash for Silver Eagles
- c/o SouthWest Bullion, LLC
- 15115 Westheimer Rd, Suite R
- Houston Texas 77082 US
- Office Hours are 9:00 am to 7:00 pm, Monday - Friday, and 10:00 am - 4:00 pm on Saturday CST
- Phone: (281) 531-7760
- Email: email@example.com
- Web Address: www.southwestbullion.com