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If I buy silver bar, is it tax deferred?

November 22, 2010 by  
Filed under Silver Investment FAQ

I know if you buy over a $1000 worth you are not charged sales tax (it’s considered an investment) but what about Federal tax, is it deferred until you sell?

Comments

One Response to “If I buy silver bar, is it tax deferred?”
  1. Overtaxed says:

    there is no federal tax when you make an investment. there is federal income tax on dividends. if you are buying actual silver (not a silver mining company) then there will be no dividends. if you sell the silver later, at a price higher than you paid for it, then you have a taxable profit. So, yes the tax is “deferred” since there isn’t any until you sell.

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