Post
Topic
Board Beginners & Help
Re: Taxes when selling physical coins?
by
odolvlobo
on 19/02/2021, 01:08:25 UTC
What are the tax implications of selling a physical coin on here? Is it different whether you receive cash vs BTC?

Assuming you are in the U.S., it is property so you report it as capital gains. The gain is the difference between the price you sold it for (in dollars at the time of the sale) and the price you bought it for (in dollars at the time of the purchase).