Question “How much capital gains is going to be on this?” If you have your receipt and you’ve held for a year, 20% IMO. If you don’t have a receipt or you haven’t held it for a year, 40% IMO. I’d rather pay $200,000 than $400,000 [per million]. [Note: Some gurus believe the IQD will be considered capital gains by the IRS, others feel it’s ordinary income. Ultimately, only the IRS’ opinion matters. At the appropriate time consult your tax professionals to determine the right tax for your unique circumstances.
