Ask the Taxman- How are Collectibles taxed?
Source: Quora
Answer:
Collectibles are considered alternative investments by the IRS and include things like art, stamps & coins, cards & comics, rare items, antiques, and so on. If collectibles are sold at a gain, you will be subject to a long-term capital gains tax rate of 28%, if disposed of after more than one year of ownership.
Requested by Rahim Bidkani