Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

If I am a person who is a hobbyist – just collecting and sometimes trading or selling items which include precious metal, precious stones or jewels, do I need to comply?

April 26, 2017Hobbyist items metal person precious Selling stones trading

0

Posted

If I am a person who is a hobbyist – just collecting and sometimes trading or selling items which include precious metal, precious stones or jewels, do I need to comply?

1 Answer

0

Posted

A. As long as this activity does not amount to $50,000 purchases or gross proceeds from the sale of covered goods in 2006, you do not need to comply in 2007.