Frank26  

Question “I lost my receipt, is that going to be a problem?”  Yeah that’s a problem when you get  audited but that’s the only time it’s a problem.  When you get audited they’re gong to ask you when did you buy that and if you’ve held your dinar for one year and have proof of a receipt you’ll probably be in the 20% but if you have held it for one year and you don’t have a receipt you’ll probably be in the 40%.  I’d rather pay $200,000 on a million than $400,000.  You lost your receipt?   Call the person you bought it from to see if their records have it…Did you write a check?  Got to your bank and ask…please look  up my check statement on this date on this month on that year…   [Some gurus speculate the dinar will be taxed capital gains, others ordinary income.  The only opinion that matters in the end is the IRS’s.  Consult your tax professional at the appropriate time to determine the correct tax for your unique circumstances.]