I was thinking about this after someone mentioned it on another thread, and I've heard of it being done in Europe and in the American Colonies hundreds of years ago where people would cut coins to make change.
Would people cut Gold coins/bullion to get around this 1099 form? I'm not familiar with the interworkings of the gold market, but should this law not get repealed maybe this sort of thing would come back.
If you were set to lose more money due to taxes than if you cut the coin in two and sold it in two transactions would you do it?
Cutting Gold coins/bullion in pieces?
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Posted - 07/27/2010 : 15:42:58
