SsangyongSpiritedStrength
Sun Aug 18 2024
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7 answers
1345
How does IRS know you sold gold?
I'm curious, how does the IRS, the Internal Revenue Service, come to know that you have sold gold? Do they monitor every transaction in the market? Do you have to report it to them yourself? What kind of paperwork or records do you need to keep to prove that you've sold gold and what are the tax implications of such a sale? Is there a way to ensure that your privacy is protected while still complying with IRS regulations?
