by Noah Green CPA CFE | Aug 3, 2026 | Collectibles Tax Notes
The short version A stolen collectible tax deduction is not automatic. The tax answer depends on what happened, why you owned the item, whether the loss was covered by insurance or another claim, whether the facts amount to theft under state law, and whether the item...
by Noah Green CPA CFE | Aug 1, 2026 | Collectibles Tax Notes
The short version Inherited collectibles tax is not the same as gift tax, and neither one is the same as a charitable donation deduction. If your family has cards, coins, art, wine, comics, watches, or other valuable collectibles, the tax result depends on how the...
by Noah Green CPA CFE | Jul 30, 2026 | Collectibles Tax Notes
The short version Buying collectibles with crypto tax is easy to miss because the checkout feels like spending cash. For federal tax purposes, it is not cash. The IRS treats digital assets as property, so sending Bitcoin, Ether, stablecoins, or another digital asset...
by Noah Green CPA CFE | Jul 28, 2026 | Collectibles Tax Notes
The short version An NFT is not automatically taxed as a collectible just because it is an NFT. The IRS’s current posture is more specific: look through the token and ask what right or asset the NFT represents, certifies, or gives you. That matters because some...
by Noah Green CPA CFE | Jul 26, 2026 | Collectibles Tax Notes
The short version A classic car is not automatically a tax “collectible.” Cars are not named in Internal Revenue Code Section 408(m), and no final Treasury regulation says collector cars are Section 408(m) collectibles as a class. That does not mean a...
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...
