topic In the section &quot;Property Summary&quot; there is a question &quot;Is this a collectible item&quot;. What exactly does this mean? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-the-section-property-summary-there-is-a-question-is-this-a-collectible-item-what-exactly-does/01/293068#M35822 Mon, 03 Jun 2019 17:54:21 GMT LEK 2019-06-03T17:54:21Z In the section "Property Summary" there is a question "Is this a collectible item". What exactly does this mean? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-the-section-property-summary-there-is-a-question-is-this-a-collectible-item-what-exactly-does/01/293068#M35822 Mon, 03 Jun 2019 17:54:21 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/in-the-section-property-summary-there-is-a-question-is-this-a-collectible-item-what-exactly-does/01/293068#M35822 LEK 2019-06-03T17:54:21Z Collectibles A collectibles gain or loss is any long term... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/collectibles-a-collectibles-gain-or-loss-is-any-long-term/01/293075#M35825 <P> <B>Collectibles</B> </P><P>A collectibles gain or loss is any long term capital gain from the sale or exchange of a collectible that is a capital asset. Collectibles include works of art, rugs, antiques, metals (such as gold bullion), gems, stamps, coins, alcoholic beverages, and certain other tangible property.</P><P>Collectibles gain is subjected to a maximum capital gain rate of 28% as opposed to the maximum 15% rate that most other long-term gains are subjected to.</P> Mon, 03 Jun 2019 17:54:23 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/collectibles-a-collectibles-gain-or-loss-is-any-long-term/01/293075#M35825 Coleen3 2019-06-03T17:54:23Z