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I thought those types of capital gains/loss calculations only applied to stocks, bonds, real estates, etc... Does it actually apply to literally anything I sel
by koheripbal 5y ago
I thought those types of capital gains/loss calculations only applied to stocks, bonds, real estates, etc...
Does it actually apply to literally anything I sell?
- _delirium 5y agoI believe not all tangible property automatically counts. However anything that is deemed a "collectible" is subject to capital gains taxes. That includes artwork, stamps, jewelry, and generally anything similar held for the purpose of investment. Details: https://www.thetaxadviser.com/issues/2019/nov/taxation-collectibles.html https://www.thetaxadviser.com/issues/2019/nov/taxation-colle...