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Finds gold coins.
Posted by: ohio fred
Date: February 25, 2014 08:45PM
i know they found them but it seems like the police would have to hold them for a year.



http://fox8.com/2014/02/25/couple-walking-dog-strikes-gold-after-finding-rare-coins/

Taxes
Posted by: ohio fred
Date: February 28, 2014 06:38AM
http://www.foxnews.com/us/2014/02/27/california-couple-in-10m-gold-find-to-owe-govt-about-half-report-says/


yes i know it is not a ghost town but who left the coins so long ago. that the find is a taxable event under a 1969 federal court ruling that held a "treasure trove" is taxable the year it was discovered.

Questions raised over California treasure trove
Posted by: ohio fred
Date: March 04, 2014 06:26PM
Re: Finds gold coins.
Posted by: Robert2300
Date: March 09, 2014 11:39AM
Fortunately, the government says they do not show up as stolen from the mint.
Still, these people should have shut their mouths. I'd NEVER brag about finding
a hoard like that. Not on your life.
Robt2300

avatar
Re: Finds gold coins.
Posted by: DiggerODirt
Date: March 19, 2014 10:41PM
Tell NO ONE!!!!

HH,

Melt em down into Bullion

Re: Finds gold coins.
Posted by: Randy (KY)
Date: September 03, 2014 06:59PM
Agree, they were fools to have ever told the first person. They should just have sold them one, two at a time. Now the IRS will be waiting with there hand out, the state, and God only knows what other endless red tap they will hit, likely ending up with near nothing. I have never and would never report any such find to anyone.

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