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General audio topics that don't fit into specific categories.

RE: If I find a Rembrandt at a garage sale...

those transactions are [mostly] still treated as capital gains, just not as favorably under the 'collectibles' category ... there's certain dollar amount triggers on charged rates up to *gulp* 35%, and also time and frequency considerations ... 'flipped' under a year and I believe it's still a whopping 28% ... so hobbyist or not you're better off having proceeds treated as income in many cases when it comes to collectibles

as you pointed out, electronics aren't considered collectibles tax wise

yet


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  • RE: If I find a Rembrandt at a garage sale... - rivervalley817 05/1/2111:09:35 05/1/21 (0)

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