quintin_s_smith
Level 1
12-06-2019
04:58 PM
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My client bought and held silver for several years as an investment. They sold it for a loss in 2017
The Canadian dealer provided an invoice for the purchase and the sale.
From this, I entered the purchase date and cost basis - the sale date and proceeds.
I indicated a 1099-B was NOT provided.
I checked the box indicating the transaction relates to collectibles (per IRS Sch D instructions, line 18, collectibles = silver bullion).
Is this the correct entry - do I need to think about anything else?
Should I scan and attach the 2 "invoices" from the metals dealer/broker that provide the dates and dollar amounts?
Thanks.
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