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Get your taxes done using TurboTax
Since you did not sell stock, or cryptocurrency, you would choose the "Other" option.
When you enter the sales data, choose the Collectible option
Collectibles have a maximum federal capital gains tax rate of 28%, higher that the normal maximum capital gains rate of 20%, so it is important to get the sales category correct. You can learn more here: Investment in Collectibles
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March 25, 2024
11:31 AM