- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
The point is that some items not specifically designated as collectibles might still be considered collectible by the IRS (such as a classic motorcycle). In that case, the intent of the owner might come into play to determine how to tax the sale. (For specifically listed types of collectibles, intent doesn’t matter.)
September 17, 2021
9:51 AM