If you are planning to invest in precious metals or bullion coins, it pays to do your homework first. Various state and federal tax laws/regulations can come into effect and lead to further considerations.
The state of Wisconsin is no different. Continue reading to learn all you need to know about buying or selling bullion in Wisconsin.
Wisconsin Sales Tax
The state of Wisconsin does have a sales tax for bullion. That tax rate sits at 5%; however, there are some additional local taxes that may apply depending on where in the state you choose to purchase.
Wisconsin Capital Gains Tax
As with every other state in the U.S., Wisconsin has a federal capital gains tax. The rate you will pay for this tax depends on your income, but the total will never 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 Wisconsin?
Connecting with others who share your coin collecting/investing hobby is easy with our coin club list. We invite you to search for local clubs to join and let us know if your current club is not a part of our list.
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 Wisconsin?
Wisconsin is known for its dairy and farmland. However, there's more to this state than meets the eye. Continue reading to learn 20 interesting facts about the Badger State.