Nevada

Nevada’s Gold & Silver Bullion Tax Laws

The state of Nevada doesn’t levy taxes on the sale of gold, silver, and platinum bullion nor does it tax capital gains. Nevada residents must pay United States federal capital gains taxes, however.

State Information

• Nevada is a state in the Western region of the United States and is bordered by Oregon, Idaho, California, Arizona, and Utah.
• In 1864, Nevada became the 36^th state in the United States.
• The capital of Nevada is Carson City. Other cities include Las Vegas, Henderson, and Reno.
• Nevada had a population of 3,104,614 in 2020.
• Nevada’s real gross domestic product (GDP) was $192.22 billion in 2023, while the median household income was $60,365 in 2020.
• Nevada’s largest industries include finance, insurance, real estate, entertainment, recreation, accommodation, food services, professional and business services, government and government enterprises, construction, education, healthcare, and retail trade.

Economic and Personal Freedom Information

• Nevada ranks #9 on the Sound Money Index that ranks states based on their friendliness toward gold and silver bullion.
• According to the Freedom in the 50 States report, Nevada ranks #4 in overall freedom, #8 in economic freedom, and #1 in personal freedom.
• Nevada ranks #13 on the Rich States, Poor States index, which evaluates states based on economic competitiveness by considering tax and regulatory burdens, as well as labor policies.