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what you should know about ebay/paypal if you don't.
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<p>[QUOTE="Doc J, post: 3046934, member: 29599"]Yes.</p><p><br /></p><p>If you file your taxes as a collector and not as as a dealer, the <u>maximum</u> cap gain rate is 28%.</p><p><br /></p><p>However, the rate will be lower if your main job earns under $200,000. I am working with "The Jobs and Tax Act" which is now the law.</p><p><br /></p><p>Nonetheless, I see many benefits with the new law when filing as a "Coin Dealer".</p><p><br /></p><p>One tax benefit will include a quick one-time expense write-off of what previously depreciated over many years. </p><p><br /></p><p>And other stuff...[/QUOTE]</p><p><br /></p>
[QUOTE="Doc J, post: 3046934, member: 29599"]Yes. If you file your taxes as a collector and not as as a dealer, the [U]maximum[/U] cap gain rate is 28%. However, the rate will be lower if your main job earns under $200,000. I am working with "The Jobs and Tax Act" which is now the law. Nonetheless, I see many benefits with the new law when filing as a "Coin Dealer". One tax benefit will include a quick one-time expense write-off of what previously depreciated over many years. And other stuff...[/QUOTE]
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