Quote:
Originally Posted by retiredguy123
Selling gold to a private party and not paying the tax is not avoiding the capital gains tax. It is "evading" the tax and it is illegal.
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Okay. Potato, potatoe. The reality is I'm sure plenty of people don't.
It's also very likely that
many people pass that asset on to their heirs in which case their cost basis gets marked-to-the-market on the deceased date of death. If they sell soon thereafter, they have little or no cap gains tax to pay.