Certain precious metals sales may be reportable to the IRS if sells meet or exceed any of the following transaction sizes (in aggregate) within a 24 hour period:
• Silver: 5,000 troy ounces
• Gold: 100 troy ounces
• Platinum: 50 troy ounces
• Palladium: 100 troy ounces
In situations where OWNx is considered the reporting broker under applicable federal regulations, we may be required to issue Form 1099-B to both you and the IRS for qualifying transactions. If the above reporting conditions have not been met, no forms will be issued.
Regardless of whether a Form 1099-B is issued, you may have self-reporting obligations related to gains or losses from precious metals transactions. We encourage you to consult with a qualified tax professional to ensure your reporting is accurate and complete. We make it easy for you to review your activity and share records with your tax advisor.
Accessing Your Transaction History
To access your full account history, please follow the steps below:
Log-in to your account
From your the left sidebar, select "All Individual Accounts"
Select the account you wish to view
From the left sidebar, select "Account History"
Enter a start date and select "Download"
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