http://goldinflorence.com Gold Discussion Board Tue, 27 Jul 2010 08:48:11 +0000 http://wordpress.org/?v=2.8.2 en hourly 1 http://goldinflorence.com/564/deduction-of-shipping-costs-in-gold-and-silver-buys/ http://goldinflorence.com/564/deduction-of-shipping-costs-in-gold-and-silver-buys/#comments Sat, 25 Apr 2009 09:52:03 +0000 http://goldinflorence.com/?p=564
Can I deduct the cost of shipping and insurance on the purchase of bullion?
I’m a small buyer of gold and silver bullion and coins. Of course the trick is to purchase at or below market spot (no interest in the numismatic value) however by the time shipping and insurance are added to the bullion it is sometimes well above spot. Can this be deducted as an “investment” expense?

Micha ]]> http://goldinflorence.com/564/deduction-of-shipping-costs-in-gold-and-silver-buys/feed/ 2