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Hello and thank you for using Just Answer,Your being the middleman for the transaction would not be a taxable event as long as you are not in the business of buying and selling. It would be advisable fo ryou to retain documentation of this arrangement, just in case you were ever contacted by treasury and asked questions.
That's good news. What sort of documentation should I obtain? Make him sign a statement indicating the transfer of the bullion?
A statemment would be fine as long as it simply states the exact nature of the transaction and references the dates.
Ok - sounds good. Thank you.
Your positive rating is always thanks enough.