working for silver bullion-- would this be taxable in any way how about 90% us coins?

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working for silver bullion-- would this be taxable in any way how about 90% us coins?

2007-09-07 13:02:29 · 2 answers · asked by Anonymous in Games & Recreation ➔ Hobbies & Crafts

2 answers

It's all taxable. You have to figure out the dollar value on the day that you receive it. It's claimed on your taxes as barter income.
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2007-09-07 13:48:38 · answer #1 · answered by Kacky 7 · 0⤊ 0⤋

I know silver and gold bullion can be put aside in tax free accounts until you retire but working for it may be another matter. I would see someone like H&R Block and get the straight scoop. You need to hear it from a pro in person, not as a Yahoo answer.

2007-09-07 22:21:18 · answer #2 · answered by Taiping 7 · 0⤊ 0⤋