Purchasing gold and silver is much different than buying a movie ticket or handbag. These purchases often come with different taxes and regulations, depending on which state you’re in. Here is everything you need to know about purchasing precious metals in the state of Arkansas.
Arkansas Sales Tax
Unfortunately, Arkansas doesn't have any exemptions for a precious metals purchase, so the tax rate is six percent. Additionally, there could be other county or local taxes to consider.
Arkansas Capital Gains Tax
As with all other states, Arkansas requires a federal capital gains tax. The amount you pay will depend on your income level; however, the amount will not 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.
Looking for a Local Coin Show?
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.
Want to Join a Coin Club in Arkansas?
Coin clubs are a great way to connect with individuals in your area who share your love of coin collecting and precious metals. We keep an updated list of Arkansas coin clubs to help you find one close to you.
Want to Buy Coins Locally?
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.
Do you know 20 facts about Arkansas?
Known for its untouched, rugged landscape, the state of Arkansas was first formed on June 15, 1836. Continue reading for 20 more interesting facts about the Land of Opportunity.