How do you navigate the tax burden of selling expensive cards?

[molenick]

I am unclear how declaring yourself an "investor" or a "collector" on a tax form would change your tax responsibility if you sell a card for profit. I am also not clear where on a tax form this would be noted...there is a place for your occupation, which for most of us would be our 9-5 job. I don't see anything on Schedule D that asks if I am a collector or investor.

Maybe I need a new accountant!

[Edited to add that I just read the link from sb1 which was informative (even if I didn't understand it all). I can see the difference between someone who's job it is to buy and sell collectibles (e.g., a dealer) and someone who is buying them but whose job is something else. The investor/collector difference is still eluding me...unless it is that you can claim your occupation is "investor" and that will make a difference.