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<p>[QUOTE="afantiques, post: 2172674, member: 71234"]Take a table at a coin show and sell them mostly for cash in the pocket. </p><p><br /></p><p>I don't know if it is the same under US tax law but in Britain these would be classed as chattels and not liable to capital gains tax which only applies to capital assets such as houses.</p><p><br /></p><p>Also, here, if you inherited them your money from the sale would not be taxable as profits,since you are disposing of chattels not making trading profits.[/QUOTE]</p><p><br /></p>
[QUOTE="afantiques, post: 2172674, member: 71234"]Take a table at a coin show and sell them mostly for cash in the pocket. I don't know if it is the same under US tax law but in Britain these would be classed as chattels and not liable to capital gains tax which only applies to capital assets such as houses. Also, here, if you inherited them your money from the sale would not be taxable as profits,since you are disposing of chattels not making trading profits.[/QUOTE]
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