If you’ve made the decision to invest in bullion bars or coins, you are probably aware that such purchases are far from average. Depending on your state, there are numerous tax laws and regulations that must be abided by with a bullion purchase. Continue reading for everything you need to know about bullion transactions in the state of North Carolina.
North Carolina Sales Tax
Unlike other states, North Carolina requires the collection of sales tax for all bullion at a rate of 4.75%. There are no exceptions to this rule.
North Carolina Capital Gains Tax
North Carolina is not exempt to federal capital gains tax laws. The percentage you will have to pay depends on your income level; however, the total 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 North Carolina?
Connecting with other collectors and enthusiasts is a great way to learn more about bullion coins and expand your portfolio. We keep an updated list of coin clubs across the state for you to join.
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 North Carolina?
North Carolina is home to both mountains and sea, but can you name 20 interesting facts about the Tar Heel State? Continue reading to find out.