Bob,
I frequently see you refer to a person as being an "investor" for their taxable status. I have not seen this as an option, one is either in the business of buying and selling OR a collector in the eyes of the IRS. I believe some collectors will believe that by calling themselves investors they believe that their gains will be treated as either short or long-term capital gains and not the higher "collectible" rate. I do know that many collectors use the capital gains rate when figuring their taxes and have never had it questioned.
Can you enlighten us on how one would qualify as an investor in the eyes of the IRS and not fall under the collectible tax rate??
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