Precious metal bullion is a big purchase in any capacity, especially when buyers and collectors take state laws and tax regulations into account. Before you take further steps toward bullion investment, it pays to do your homework and research such laws in your particular state.
That said, here is an overview of these laws if you plan to buy or sell bullion in the state of Montana.
Montana Sales Tax
Lucky for investors, the state of Montana does not have a sales tax on bullion or any forms of currency. However, some Montana communities do charge a 3% provisional tax, so it pays to research.
Montana Capital Gains Tax
Capital gains can be taxed at both the state and federal levels. Montana's highest capital gains tax rate does not exceed 6.9 % and, combined with federal capital gains taxes, 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 Montana?
Each state has its share of local coin clubs, and Montana is no different. We maintain a list of Montana coin clubs where you can find the club closest 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.
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