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Lab talk, the good, the bad, and the ugly
Metal
scrap refining and taxes
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<blockquote data-quote="AL1" data-source="post: 151159" data-attributes="member: 854"><p>Do you have to pay federal taxes on money received from scrap refining?</p><p>Some will give you cash others don't send 1099 and will send you a check.</p><p>I thought money for gold was not a taxable event, just like going to the coin shop</p><p>and buying gold or silver coins.</p></blockquote><p></p>
[QUOTE="AL1, post: 151159, member: 854"] Do you have to pay federal taxes on money received from scrap refining? Some will give you cash others don't send 1099 and will send you a check. I thought money for gold was not a taxable event, just like going to the coin shop and buying gold or silver coins. [/QUOTE]
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Lab talk, the good, the bad, and the ugly
Metal
scrap refining and taxes
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