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#1
10-01-2005, 05:40 AM
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 Re: Capital Gains Tax Rate For US Coin Collection "Kirk Carpenter" <kirkc1[at]cox.net> wrote: - quote - > Any special deals for sale of collection of US coins?
Coins are collectibles.> Does it still fall under the collectibles rate of 28%? -- David M. Woods, EA, ChFC, CLU Woods Financial Services Norwood, MA 02062 www.woods-financial.com << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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10-01-2005, 05:21 AM
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| Re: Capital Gains Tax Rate For US Coin Collection Kirk Carpenter wrote: - quote - > Any special deals for sale of collection of US coins?
Generally, yes. Bullion coins (Silver Eagles, Gold Eagles)> Does it still fall under the collectibles rate of 28%? are usually treated as an ordinary capital asset and taxed at ST or LT CG rates. << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
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#-1
09-30-2005, 03:57 AM
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| Capital Gains Tax Rate For US Coin Collection Any special deals for sale of collection of US coins? Does it still fall under the collectibles rate of 28%? << ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2005) - All rights reserved. > << ================================================== ===== > |
| Tags |
| capital, coin, collection, gains, rate, tax |
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