Straightforward question here. The IRS definition of a collectible is extremely vague outside of what they specify. Do they consider vinyl records collectibles? I know collectibles tax is much higher than normal but does it affect me if these are long term capital gains and I am a single filer with an income of less than $41,000. I am basically in the bracket where I pay 0% on long term capital gains. Would this change if it were determined to be a collectible?
