IRS Reportable Bullion Sales

Last Updated: September 27, 2025

Find out when sales to Veldt require IRS Form 1099-B, and when they don’t. Not legal or tax advice.

This page explains IRS Reportable Bullion Sales when you sell metals to Veldt. By law, dealers file Form 1099-B for certain bullion sales. As of 2024–2025 guidance, reporting focuses on bar deliveries that match CFTC-approved contract specs, aggregated over a 24-hour period. Coins are generally not reportable under the latest clarification. This is separate from Form 8300 cash rules. Read on for the ounce thresholds, purity notes, examples, and how Veldt handles privacy and compliance.

What 'IRS Reportable Bullion' Means

When you sell certain bullion to Veldt, we may have to file Form 1099-B. This records your sale proceeds and helps track gains or losses. It applies only to specific bullion sales and is separate from your own tax filing.

The 24-hour Aggregation Rule

Multiple bullion sales you make to the same dealer within a 24-hour period are combined. If the combined total meets or exceeds a threshold below, the dealer files a 1099-B.

Reportable Sales

Your sale is reportable if it matches CFTC-deliverable units. See thresholds below.

Gold: 100 troy oz in one 100-oz bar or three 1-kg bars* (min .995 fine; ±5% tolerance).
Silver: 5,000 troy oz as five 1,000-oz bars (min .999 fine; ±10% tolerance).
Platinum: 50 troy oz; pieces must be ≥10 oz; min 99.95% purity.
Palladium: 100 troy oz; pieces must be ≥10 oz; min 99.95% purity.

Aggregated over 24 hours. Bars only.