Collectibles Tax Notes
Cut through the noise. Stay up to date on IRS changes, tax tips, and best practices for collectors, flippers, and dealers.
Cost Basis for Collectibles: Solving the Receipt and Provenance Problem Before You Sell
Basis means your investment in the item for tax purposes. For a card, coin, artwork, watch, bottle, or other collectible, that may start with a receipt….
What the IRS Counts as a Collectible (and When the Clock Turns a Flip Into Ordinary Income)
That list matters because long-term gain on a collectible can fall under the 28 percent maximum rate, while a quick flip held one year or less is…
Collectibles and the 28% Tax Rate: Why Coins, Cards, and Art Are Not Taxed Like Stocks
If you sell a coin, a trading card, a painting, a rare watch, or a bottle of fine whiskey at a profit, you may assume you owe the same low long-term…