Those who have purchased precious metals or bullion before understand that it is a special purchase. There is a lot of pride associated with such an investment, and there are several taxes and regulations to keep in mind when buying. These regulations will change depending on the state in which you purchase. Here is all you need to know about buying precious metal bullion in the state of Louisiana.
Louisiana Sales Tax
Luckily for Louisianans, bullion and coins made from gold, silver, and platinum are exempt from a state sales tax regardless of the amount of the purchase.
Louisiana Capital Gains Tax
Every state in the country, including Louisiana, must enact a federal capital gains tax. While the amount you must pay depends on your income, the rate will not exceed 28 percent.
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 Louisiana?
Coin clubs are a great way to find rare coins, trade, and connect with others who share your passion for collecting. If you are interested in joining a Louisiana coin club, see this list of local coin clubs across the Pelican State.
Want to Buy Coins Locally?
Louisiana is famous for its French Cajun heritage, amazing food, and Mardi Gras. But there is much more to Louisiana than meets the eye. Here, you will find 20 interesting facts about Louisiana.
Do you know 20 facts about Louisiana?
There is more to Louisiana than “where the wind comes sweepin’ down the plain.” If you didn’t know any facts about Louisiana before, you will once you check out our 20 interesting facts about the Sooner State.