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Physical currency investment tax consequence?
Started:December 2nd, 2015 (05:14 PM) by StraddleIt Views / Replies:228 / 2
Last Reply:December 3rd, 2015 (11:06 AM) Attachments:0

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Physical currency investment tax consequence?

Old December 2nd, 2015, 05:14 PM   #1 (permalink)
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Physical currency investment tax consequence?

Hey you guys,

I have a question my partner and I can't agree on. We are both holding physical currencies as investments but can't get a solid answer on how they are taxed. Does long and short term cap gains apply to this? If we hold it over a year does the tax consequence get reduced or is it always taxed as ordinary income?

Again, were actually holding the paper.

Best wishes.

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Old December 2nd, 2015, 05:14 PM   #2 (permalink)
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Old December 3rd, 2015, 11:06 AM   #3 (permalink)
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