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Questions tagged [buying silver]

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Raffaele Raffaele Thu Nov 07 2024 | 5 answers 1105

Is buying silver reported to IRS?

I'm wondering if purchasing silver needs to be reported to the IRS. I'm considering buying some silver as an investment, but I'm not sure about the tax implications and whether I need to declare it to the authorities.

Is buying silver reported to IRS?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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