Buying and Selling

[DocSteve]

I purchased Dinars in 2006 from a dealer registered with the US Treasury. I don't have the receipt from the actual sale except the fact the auction closed on eBay. When I am ready to sell after RV, do I need proof that I purchased the dinars from a US Treasury approved dealer?

[stenz68]

No, money is money, do you need a receipt when you deposit US currency in your bank? again No

[DocSteve]

Thanks...just hear rumors and get nervous as things are getting coser to RV. Appreciate your reply!

[stenz68]

No problem, Ali with Dinar trade said, Who ever is the holder of the money is the owner, no receipts needed, rest easy on that one.

[detroitjazzman]

Should this investments profit be treated as capital gains, you would then need receipts if you are audited, and, filed using long term capital gains rate of 15% you may have to prove that you held asset longer than one year and a day. If you filed using short term or regular income, I don't see any need for receipts except to verify what your capital investment was. just saying