What is the sale of a collectible?
The sale of a collectible includes the sale of works of art, rugs, antiques, precious metals, gems, stamps, coins, some NFTs etc.
Collectibles don't qualify for the lower tax rates that most sales of investments qualify for. You will pay a higher tax on the sale of a collectible than a normal investment sale. Collectibles are taxed at a maximum capital gain rate of 28%.
Collectibles don't qualify for the lower tax rates that most sales of investments qualify for. You will pay a higher tax on the sale of a collectible than a normal investment sale. Collectibles are taxed at a maximum capital gain rate of 28%.
