All collectibles long-term gain is subject to a potential alternative tax rate of 28%.

Name: All collectibles long-term gain is subject to a potential alternative tax rate of 28%.
Brand: Quizplus
Rating: 4.9 (31 reviews)

Question

Quizplus · Accepted Answer

This is true. Collectibles, such as art, antiques, and precious metals, are subject to a potential alternative tax rate of 28% for long-term gains. This is higher than the tax rate for long-term gains on most other types of assets, which ranges from 0% to 20%.

All Collectibles Long-Term Gain Is Subject to a Potential Alternative