1443256
You'll need to sign in or create an account to connect with an expert.
you are would be a collectible.
gains would be taxable and reported on schedule D (actually form 8949 with the collectibles box checked0
losses are a different story
Losses from selling collectible assets are deductible capital losses provided that the taxpayer held the collectible for investment purposes rather than personal purposes.
So if I'm using it for personal reasons like take out I wouldn't have to include it?
are you talking about the art works of others or your own art ?
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
DANETTE ELLIS
New Member
hterrence53
New Member
emh_SpencerTop
Level 1
danieluw
New Member
xu3
Level 3
in Education