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:
- Federal Section
- Income
- Capital Gain and Losses Schedule D
- Additional Capital Gains Distributions