Do Dealers Report Gold Purchases?
Facts about cash reporting rules for bullion purchases and sales.
Businesses must file IRS Form 8300 when they receive more than $10,000 in cash in one transaction or related transactions. Certain dealer sales reporting rules also apply when customers sell specific products.
Form 8300
Applies to cash payments over $10,000, including certain cashier's checks and money orders.
Wire and ACH
Bank transfers are not 'cash' for Form 8300 purposes.
Selling
Some sales of specific products may be reported by the buyer. Ask a tax professional.
Sources & further reading
External sources provide general education, not an endorsement of this retailer. Store-specific prices and terms are provided on our product and policy pages.