Loan Officer Gustan Cho
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Price of silver has been extremely volatile opening up at $120 dollars per ounce and dropping to $110 dollars an ounce. Silver is now $111.00 an ounce
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Buying Silver was the easy part. Selling it without triggering a massive tax bill is the hard part. Did you know the IRS classifies Gold and Silver as “Collectibles,” taxing them higher than stocks?
In this episode, we investigate the confusing world of precious metals taxation, the “Reportable Transaction” limits that trigger a form to the IRS, and the specific strategies billionaires use to legally pay zero tax on their bullion gains.
📂 IN THIS EPISODE WE UNCOVER:
○ The “Collectibles” Rule: Why long-term gains on silver are taxed at 28%, while stocks are taxed at 15% or 20%.
○ The 1099-B Limit: Which sales trigger an automatic report to the IRS (1,000 oz bars) and which ones remain private (American Eagles).
○ The “Roth IRA” Loophole: How to hold physical metal in a retirement account and sell it completely tax-free.
○ The “State Tax” Map: Which states charge sales tax when you buy, and which states charge income tax when you sell.
○ The Playbook: Why “Sovereign Coins” offer better privacy than generic bars, and how to structure your exit to minimize the hit.
Don’t let the government confiscate your inflation hedge.Key Topics: Silver Tax, Gold Tax, Capital Gains, IRS Collectibles Tax, 1099-B, Precious Metals IRA, Roth IRA, Investing, Smart Money, Wealth Protection, Tax Avoidance.
Tags: #Silver #Gold #Taxes #IRS #CapitalGains #Investing #SmartMoney #WealthProtection #FinancialEducation #RothIRA #PreciousMetals #economymcqs
⚠️ DISCLAIMER: This video is for educational and entertainment purposes only. I am not a financial advisor. It is an investigation into economic trends, not personalized investment advice. Always do your own due diligence before investing.
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I use Angie Crippen and Jacob Gillock from Oncourse Learning for all my NMLS licensing and annual Continuing Education (CE). Jason just emailed me today and said Oncourse Learning does not offer Real Estate Licensing Courses and Exam Preparation but their Sister Institution does
Here’s the link
https://www.colibrirealestate.com/real-estate/license/
colibrirealestate.com
Real Estate License Courses & Classes Online
Colibri Real Estate offers industry-leading real estate license courses and classes fully online. Enroll with Colibri to get started today!
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By the way, here is a blog I have written about FHA Case Number and how it works. Hopefully, this helps.
https://gustancho.com/fha-case-number/
gustancho.com
What is an FHA Case Number on FHA Home Loans
FHA Case Number is a unique 10-digit number assigned to a loan through Case Number Assignment on FHA Connection. The loan # is a case
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FHA case numbers track FHA loan applications to prevent duplicate loans or fraud. Your lender can’t order a new appraisal until HUD releases the prior case number tied to you and the old property.[gcaforums]
What Is an FHA Case Number?
It’s a unique 10-digit identifier (like a loan’s ID tag) assigned by HUD when your lender requests it via the FHA Connection system, typically early in the process for purchases or refinances. The first three digits show the state and HUD office; the rest are a serial number plus check digit. This number links you (the borrower), the lender, and the specific property to ensure everything stays organized under FHA rules.delawaremortgageloans+2
Why It Causes Delays
FHA requires one active case number per borrower at a time to stop people from shopping multiple FHA loans simultaneously, which could signal fraud or over-leveraging. Your old case number from the failed deal is still “open” in HUD’s system (CHUMS), blocking a new one for the current house. Appraisals can’t proceed without it, as the appraiser needs the new case number to tie their report to FHA standards.gcaforums+1
Release Process
Your lender (Gustan Cho Associates) must log into FHA Connection to either:
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Cancel the old case: If no appraisal was done or fees paid, this frees it up quickly (often same day).
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Transfer/update: If needed, they shift it to the new property, but since the first deal collapsed, cancellation is likely.hud+1
Cases auto-expire after 6 months of inactivity, but manual release is faster. Angie Torres is correct—until released, no new case or appraisal order.[gcaforums]
Timeline and Tips
Expect 1-3 business days for release once requested, though HUD processing runs 8 a.m.-8 p.m. ET weekdays. Share this with sellers: It’s a standard FHA safeguard, not a red flag on your approval. If delayed over a week, ask your lender for the FHA Connection screenshot showing status.hud+1
hud.gov
404 - Page Not Found | HUD.gov / U.S. Department of Housing and Urban Development (HUD)
404 - Page Not Found The requested page cannot be found.
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More pics Chase, Skylar, Bailey
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More pics. Randall Aiu is looking for a German Shepherd. Randall i will post pics of my three German Shepherd dogs. One of Skylar ears bends over about 20% degree angle when warm and stands up when she’s cold.
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Boy time flies. My big man Chase turned three years old
Skylar and Bailey two years old. I I really need to spend more time with Chase and Skylar. Skylar is really attached to me and always is my me
When I get dressed she knows I am going for a ride so she waits by the garage service door and body slams her whole body and lays upside down so my wife or I cannot move her
She wins by default. Got a problem with Bailey
She barks at me in the middle of the night if I need to go to the kitchen or walk around my bedroom. Like she’s retarded. Attached are pictures of Chase, Old English Mastiff Sage and my tit Skylar
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Thanks for the valuable information Marilyn
I am definitely not going to be showing houses and other types of properties and am getting a real estate license just to become a dually licensed MLO and Realtor. NEXA LENDING is a mortgage broker and correspondent lender so NEXA MORTGAGE had to change their name from NEXA MORTGAGE to NEXA LENDING. Gustan Cho Associates NMLS 2315275 and Subsidiaries is a dba of NEXA LENDING. NEXA LENDING has created, developed and LAUNCHED AXEN REALTY,in 2025 with the goal of getting licensed nationwide in every state
https://gcaforums.com/career-opportunities/
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This reply was modified 3 months, 2 weeks ago by Gustan Cho.
gcaforums.com
GCA FORUMS Career Opportunities
GCA FORUMS Mortgage Group has career opportunities for loan officers, independent P&L branch managers, and REALTOR/MLO partners
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This reply was modified 3 months, 2 weeks ago by
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