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<p>[QUOTE=&quot;xlrcable, post: 3043038, member: 41288&quot;]This got my attention because I had thought long-term gains on collectibles <i>were</i> taxed as ordinary income, up to a maximum of 28%. Bumbling around the web I can find credible-ish-looking sources to support either view. Obvious solution, check the IRS - but I haven&#039;t found anything there that really seems to nail it. <a href="https://www.irs.gov/publications/p550" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://www.irs.gov/publications/p550" rel="nofollow">Pub 550</a> calls 28% the &quot;maximum&quot; rate on collectibles, and contains the following language, but I worry I&#039;m taking it out of context:</p><p><br /></p><blockquote><p>If you figure your tax using the maximum capital gain rate and the regular tax computation results in a lower tax, the regular tax computation applies.</p><p><br /></p><p><b>Example.</b></p><p><br /></p><p>All of your net capital gain is from selling collectibles, so the capital gain rate would be 28%. If you are otherwise subject to a rate lower than 28%, the 28% rate does not apply.</p></blockquote><p>[/QUOTE]</p><p><br /></p>

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