by Noah Green CPA CFE | Jun 20, 2026 | Collectibles Tax Notes
The short version The tax problem in a collectible sale is not just the sale price. It is the gain, and gain depends on basis. Basis means your investment in the item for tax purposes. For a card, coin, artwork, watch, bottle, or other collectible, that may start with...
by Noah Green CPA CFE | Jun 18, 2026 | Collectibles Tax Notes
The short version If you are asking “what is a collectible for IRS purposes,” start with the statute, not the marketplace label. The tax definition comes from Internal Revenue Code Section 408(m), which names works of art, rugs, antiques, metals, gems,...
by Noah Green CPA CFE | Jun 17, 2026 | Collectibles Tax Notes
The short version In February 2026, a 1998 Pikachu Illustrator card graded a perfect 10 sold at auction for 16.49 million dollars, the most expensive trading card ever sold. The seller owed federal tax on the gain, at a rate most people do not expect. If you sell a...
