How do I report the sale of a collectible asset?

The sale or exchange of a collectible held for more than one year may result in a collectible gain or deductible loss. 

To be a collectible, the asset must be:

• Work of art
• Rug
• Antique
• Precious Metal (Gold, Silver, Platinum Bullion)
• Gems
• Stamps
• Coins
• Rare Wines
• Other Tangible Property

To complete the 28% Rate Gain Worksheet, go to the:

1. Federal Section
2. Income 
3. Schedule D - Capital Gain and Losses 
4. Additional Capital Gains Distributions