by Noah Green CPA CFE | Jun 28, 2026 | Collectibles Tax Notes
The short version Selling collectibles as a business is not just a bigger version of selling from your personal collection. It can change the asset from a capital asset into dealer inventory, move the reporting from Schedule D to Schedule C, and add self-employment...
by Noah Green CPA CFE | Jun 26, 2026 | Collectibles Tax Notes
The short version The hobby loss rules create an uncomfortable asymmetry: income or gain from your collecting activity can be taxable, while the expenses you thought would offset it may be limited or suspended. That matters for collectors who are halfway between fun...
by Noah Green CPA CFE | Jun 24, 2026 | Collectibles Tax Notes
The short version If you sell collectibles more than once in a while, the biggest tax question may not be the item. It may be what the IRS thinks you are doing. Free Guide Collectibles and NFTs: The 28 Percent Rate Trap A long-term gain can be pulled into the 28%...
by Noah Green CPA CFE | Jun 22, 2026 | Collectibles Tax Notes
The short version A grading report, insurance schedule, auction estimate, or appraiser’s number can all matter. None of them automatically decides the tax value of a collectible. For tax purposes, the key phrase is fair market value. In plain English, fair...
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. Free Guide Collectibles and NFTs: The 28 Percent Rate Trap A long-term gain can be pulled into the 28% collectibles rate, and the trap...
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,...
