: If you pay with more than $10,000 in "cash" (paper currency, money orders, or traveler's checks), the dealer is legally required to file IRS Form 8300 .
: Using a personal check, bank wire, or credit card generally does not trigger Form 8300 reporting, regardless of the amount. buy 24 carat gold in usa
: If you bring physical gold worth more than $10,000 into the U.S., you must declare it to U.S. Customs and Border Protection using a FINCEN 105 form . Reporting Requirements for Sales When you sell gold back to a dealer, different rules apply: : If you pay with more than $10,000
: The IRS classifies gold as a "collectible." You must report any profit from a sale on your income tax return (Schedule D of Form 1040), which is typically taxed at a maximum rate of 28%. Customs and Border Protection using a FINCEN 105 form
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