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Old 11-30-2013, 08:54 PM
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What are the long term tax rates on Gains on Sales of Collectible Assets?

Long-term Gains on sales of investments in collectibles are taxed at a flat 28%. Short-term investments in collectibles are taxed as short-term capital gains at taxpayers ordinary income tax rates. The following are some items includable as collectibles as follows;
  1. stamps,
  2. coins,
  3. precious metals,
  4. precious gems,
  5. rare rugs,
  6. antiques,
  7. alcoholic beverages, and
  8. fine art.

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