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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum

Where To Research. Tax Laws Re Bullion?

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retireat97_maybe
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United States
5 Posts
 Posted 05/19/2016  7:36 pm Show Profile   Bookmark this topic Add retireat97_maybe to your friends list Get a Link to this Message Number of Subscribers
Last week I purchased some eagles in la and paid no tax of any kind. Today, local store in upscale LA burb stated that CA sales tax applies to any purchase under 1,500. He didn't state of that was $1500 or 1500ea. Can anyone shortcut my research and clue me in ? Thanks
Steele
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1119 Posts
 Posted 05/19/2016  7:43 pm  Show Profile   Bookmark this reply Add Steele to your friends list Get a Link to this Reply
check your state sales tax.
http://lmgtfy.com/?q=california+sal...x+on+bullion

California
Exemption on Coins and Bullion when over $1500. Paper Money is taxable.
The BOE also announces that the bulk sales tax exemption for gold and silver coins and bullion will remain at $1,500. The BOE is required to adjust the exemption threshold annually, as needed, based on the California Consumer Price Index.
Edited by Steele
05/19/2016 7:49 pm
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Cascade
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 Posted 05/19/2016  8:23 pm  Show Profile   Bookmark this reply Add Cascade to your friends list Get a Link to this Reply
Up. When we buy from heritage, great collections and others in cali we pay tax unless the invoice total is over $1500
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All Forums Category: General Numismatic Forums Forum: Precious Metals and Bullion - Gold, Silver, Copper, Platinum



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