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Deductions & credits
Yes. Long-term gains/losses on collectibles—such as stamps, antiques and coins—are taxed at 28%, unless you're in the 10% or 15 % or 25% bracket, in which case the 10% or 15% rate or 25% rate applies.
Please feel free to post any additional details or questions in the comment section.
Here's how you enter those:
- Open (continue) your return in TurboTax.
- In the search box, search for "investment sales" then select the "Jump to" link in the search results.
- Answer Yes to the question Did you sell any investments?
- If you land on the Here's the investment sales we have so far screen, select Add More Sales.
- Answer No to the 1099-B question.
- On the next screen, select the type of sale you had (second home, collectible, land etc.) and Continue.
- Continue following the onscreen instructions to enter the sale.
June 3, 2019
4:47 PM