by Noah Green CPA CFE | Jul 24, 2026 | Collectibles Tax Notes
The short version Collectible toy tax starts with a problem of language. A marketplace may call a sealed LEGO set, action figure, doll, model train, movie prop, or signed jersey a collectible. Federal tax law does not automatically use the word the same way. For the...
by Noah Green CPA CFE | Jul 22, 2026 | Collectibles Tax Notes
The short version Comic book tax is not just a question of what the book sold for. A graded comic, a raw comic, an original cover page, and dealer inventory can land in different tax lanes. The main federal issues are basis, holding period, seller status, and whether...
by Noah Green CPA CFE | Jul 20, 2026 | Collectibles Tax Notes
The short version A gold coin can feel like money, and a bullion bar can feel like a raw commodity. For federal tax purposes, that does not make the gain tax-free or automatically eligible for the normal 20 percent long-term capital-gain ceiling. Coins and...
by Noah Green CPA CFE | Jul 18, 2026 | Collectibles Tax Notes
The short version The wine investment tax answer starts with a rule many investors miss: wine, whiskey, and other alcoholic beverages are collectibles under federal tax law. That is not a loose market label. Internal Revenue Code Section 408(m) expressly includes...
by Noah Green CPA CFE | Jul 16, 2026 | Collectibles Tax Notes
The short version Fine art tax problems usually start with one bad assumption: that art is taxed like stock. It is not. Federal law names a “work of art” as a collectible, so a long-term gain on a painting, sculpture, or similar art object can fall under...
