Whether you are investing in precious metal coins or bullion, such purchases should only be made under close consideration, especially when it comes to taxes and regulations. In fact, each state possesses its own specific laws when it comes to bullion purchases.
If you plan to purchase in Kansas, we are here to help you get ahead of the game. Here is an overview of Kansas’s laws and regulations for bullion purchase.
Kansas Sales Tax
The state of Kansas enacts a 6.15% sales tax on coins, bullion, and other collectibles. It should be noted that local or county taxes may be added to this state-wide rate.
Kansas Capital Gains Tax
Capital gains tax applies at both the state and federal level. The highest capital gains tax percentage for Kansas is 4.8%. Combined with the federal tax rate, the total does not exceed 27.9%.
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 Kansas?
Are you interested in joining a coin club in Kansas? We maintain an updated list of coin club across the state.
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 Kansas?
Kansas may be flat, but it’s heritage and history are anything but that. Can you name 20 facts about Kansas?