Taxes ? on Auction House Consignments - Net54baseball.com Forums

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11-23-2020, 04:46 PM

sb1

Member

Join Date: Apr 2009

Posts: 3,226

Collectibles tax rate is 28%. That is net of the cost less the price sold for, regardless of tax bracket. Unless you inherited it, then you would need an appraisal at time of inheritance which would provide you a stepped up basis.

I am not an accountant either but believe these to be the correct answers.

Last edited by sb1; 11-23-2020 at 04:50 PM.

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