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April 11, 2022
Question

Silver Bullion Purchase

  • April 11, 2022
  • 1 reply
  • 0 views

Where do I enter the cost basis for the bulllion of silver that I purchased in 2021?  I have only purchased, not sold, bullion.  I did not see a Form with the purchase, I assume I would only see a brokerage form with a sale of a commodity.

    1 reply

    ColeenD3
    April 11, 2022

    You don't enter purchases on your tax return, only sales. Keep this for your records for when you do sell.

    MJSarrosAuthor
    April 11, 2022

    Thanks Colleen.  I suspected that was the case.  Keeping my purchase records for when I sell the commodity.