Brian’s Tax Musings

If you have some art, gold or silver, or other collectibles, and you sell them, don’t think the gains on these items will get the regular 15% (or in some cases, 0%) capital gains rates from the IRS.  In fact, they can be taxed up to a max of 28%.  Here is a link to the IRS rules on collectibles:

http://www.irs.gov/taxtopics/tc409.html

Let me know if you are thinking of selling something and we can figure out how much tax you may owe.

Email me at bstonercpa@sbcglobal.net  and we can talk about it.

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