Recent content by devantra

Thanks again for all your responses. So, selling receipt is vital, I will get it. I bought gold coins in the USA few years ago and I have receipt for that also. If I want to sell it, the procedure, in terms of tax/profit/loss, is the same for selling that necklace?

Thanks for all again your responses. I have receipt of purchase from India where I bought it. I asked the shop owner who sold me that necklace to write the amount in dollars also (it is in Indian Rupees), hoping that it may be useful/needed one day. I bought it in 2009 when I visited that...

Thanks for all your responses. It is a gold necklace which I bought in another country, while visiting there, for $35,000, prior to my marriage. I used it for all these years. I tried to sell it in shops but they are offering less. Some people, who are my friend’s friends, offered to buy it...

What is the name of your state? Florida I am married and I have been filing tax returns jointly with my husband since our marriage. I am planning to sell my gold ornaments for $32,000 cash. Can I simply give that ornament and get the cash or whether any formalities/procedures I should follow...