Comments on: How is profit made on selling silver tableware to a refinery treated for tax purposes? http://www.thefoolsgold.net/silver/how-is-profit-made-on-selling-silver-tableware-to-a-refinery-treated-for-tax-purposes Tue, 22 May 2012 11:16:13 +0000 http://wordpress.org/?v=2.7 hourly 1 By: kim s http://www.thefoolsgold.net/silver/how-is-profit-made-on-selling-silver-tableware-to-a-refinery-treated-for-tax-purposes/comment-page-1#comment-7514 kim s Sat, 23 Jan 2010 22:08:59 +0000 http://www.thefoolsgold.net/silver/how-is-profit-made-on-selling-silver-tableware-to-a-refinery-treated-for-tax-purposes#comment-7514 How much money are we talking here? Is this a profitable endeavor Capital gain. the items you purchased more than a year before selllng are long term. and those that you bought less than a year before selling are short term. you will enter your purchase date and $ paid for it. Then you enter sales date, which will be same for all entries since you sold all at one time. Do you know the weights of each purchase? You would prorate the total price recieved in the sale by the % of weight that each purchase represents.<br><b>References : </b><br> How much money are we talking here? Is this a profitable endeavor

Capital gain. the items you purchased more than a year before selllng are long term. and those that you bought less than a year before selling are short term.
you will enter your purchase date and $ paid for it. Then you enter sales date, which will be same for all entries since you sold all at one time. Do you know the weights of each purchase? You would prorate the total price recieved in the sale by the % of weight that each purchase represents.
References :

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