If you have ever invested in precious metals bullion before, you understand the regulations involved, especially when it comes to taxes. There are state and federal taxes to take into account, and this should factor greatly in your decision to invest.
We’re here to help you get ahead of the game by listing all tax laws that will apply should you buy or sell bullion in the state of Nevada, the appropriately named “Silver State”.
The state of Nevada has a state sales tax rate of 6.85%, which does apply to precious metal bullion. Additionally, local area taxes also apply in some regions such as Las Vegas and Clark County.
All precious metal bullion sales are subject to federal capital gains tax. Your rate will vary, but it will never exceed 28%.
A truly diversified portfolio includes precious metals, so when you're planning for retirement, consider adding qualified bullion to your Self Directed IRA. Contact us to get started or visit our Precious Metals IRA page to learn how you can invest.
We attend a number of coin shows throughout the country each year. Here's where and when you'll find us at an expo near you.
If you are looking to connect with others that share your interest in coin collecting, we maintain a list of Nevada coin clubs for you to check out. Feel free to reach out if your coin club is not listed.
Looking for somewhere nearby where you can purchase coins or other precious metal items? Check out our coin shop directory to find a place to buy coins near you.
Nevada is much more than casinos and bright lights. Take a look at our 20 facts to learn more about the "Silver State".