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Will capital gains on coins sold be taxed at 28% if my marginal tax rate is lower, say 12%?

 
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MinhT1
Expert Alumni

Will capital gains on coins sold be taxed at 28% if my marginal tax rate is lower, say 12%?

The rate of 28% on collectibles capital gains is a maximum rate. Your rate will not exceed your marginal tax rate in any case.

 

Please read this IRS document.

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2 Replies
MinhT1
Expert Alumni

Will capital gains on coins sold be taxed at 28% if my marginal tax rate is lower, say 12%?

The rate of 28% on collectibles capital gains is a maximum rate. Your rate will not exceed your marginal tax rate in any case.

 

Please read this IRS document.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Will capital gains on coins sold be taxed at 28% if my marginal tax rate is lower, say 12%?

Thank you.  I've read more stuff than I can remember but nothing as crystal clear as your response.

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