Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How do I…calculate capital gains tax on the sale of a collectible?

April 26, 2017Accountant capital gains collectible Consulting kass rothstein rothstein kass sale tax

0

Posted

How do I…calculate capital gains tax on the sale of a collectible?

1 Answer

0

Posted

Uncle Sam takes a tax bite out of almost every asset sold and collectibles are no exception. Indeed, collectibles are currently subject to one of the highest rates of federal taxation on investment property. Capital gain from the sale of a collectible is taxed at 28 percent.