PattiF
Expert Alumni

Deductions & credits

Yes, you need to report it on Schedule D.   If you received a 1099-B, follow these instructions and mark the sale as a collectible sale.   The basis is whatever you paid for them.   

 

If you did not receive the 1099-B, report it in the same section and just answer NO to the Did you receive a 1099-B?  question.   This discussion covers the sale of gold with no tax form.  

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