Deductions & credits

There is a difference between coins and bars; coins are collectibles while bars are not and the capital gains tax rate on collectibles is 28%.

 

See https://www.irs.gov/taxtopics/tc409

 

In TurboTax, you would enter the sale in the Stocks, Mutual Funds, Bonds, Other subsection of the Investment Income section.

 

Note that you cannot deduct a loss on the sale of collectibles (such as coins) that you held for personal use.

 

 

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