A collectible exchange is any long-term gain or deductible long-term loss from the sale or exchange of a collectible that is a capital asset. If all you sold was stock, your capital gain or loss was not a collectible exchange.
Collectible exchanges are taxed at 28%.
Collectibles include:
- art
- rugs
- antiques
- metals (such as gold, silver, and platinum bullion)
- gems
- stamps
- coins
- alcoholic beverages
- certain other tangible property
