How did this all start?

[raulus]

Originally Posted by sb1

There is no such thing as a tax loss on collectibles....I am sure some get lucky and don't get questioned, but if they do.

Time for the CPA's to chime in.

Like all good accounting questions, it depends.

There's a pretty good summary here that covers a lot of the important elements: https://bradfordtaxinstitute.com/Con...ctivities.aspx

I do suspect that some who might stridently claim to be pure hobbyists around these parts will suddenly determine that for tax purposes they're actually investors. But maybe don't admit that around here, because investor seems to be used as a dirty word (or a serious slur).