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What are the federal taxes on rare coins?
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<p>[QUOTE="Michael K, post: 2905915, member: 78298"]If you sell a coin and make a profit, and report it, it's the same as income as anything else and would be taxed at whatever rate/ bracket you are in.</p><p>Ask a tax preparer or a CPA or try Google.</p><p><br /></p><p>Unless the value is very high and it's not a cash deal, there's not much of a paper trail. (If you buy and sell in cash.)[/QUOTE]</p><p><br /></p>
[QUOTE="Michael K, post: 2905915, member: 78298"]If you sell a coin and make a profit, and report it, it's the same as income as anything else and would be taxed at whatever rate/ bracket you are in. Ask a tax preparer or a CPA or try Google. Unless the value is very high and it's not a cash deal, there's not much of a paper trail. (If you buy and sell in cash.)[/QUOTE]
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