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  #1  
Old 04-18-2018, 02:03 PM
theshleps theshleps is offline
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I would strongly recommend that you meet with a tax planner before you sell anything. Based on your income and other factors you may want to spread the sale over multiple tax years.
I think since I am in the 39% bracket- i pay 20% on the gains and spreading wouldnt help. Am I correct?
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Old 04-18-2018, 02:27 PM
btcarfagno btcarfagno is offline
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This would likely be considered a collectibles gain, therefore taxed at 28% regardless of your tax bracket.
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Old 04-18-2018, 05:02 PM
redalpha7 redalpha7 is offline
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Please correct me if wrong, the timing issue may come into play if you capital losses ( stock losses) . You can use the loss to offset the gain .

Nice problem to have
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Old 04-19-2018, 08:34 PM
btcarfagno btcarfagno is offline
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Please correct me if wrong, the timing issue may come into play if you capital losses ( stock losses) . You can use the loss to offset the gain .

Nice problem to have
This is correct. Any current year losses or prior year loss carry forwards of capital sales can be used to offset the gains from the sales of collectibles.

So if you have any stocks that you just keep waiting to rebound as they plummit farther and farther towards penny territory...you now have a reason to sell!!
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Old 04-20-2018, 01:33 AM
theshleps theshleps is offline
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I was never one to keep receipts over the past 16 years so i assume you can give a decent estimate?
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  #6  
Old 04-20-2018, 04:06 AM
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jb217676 jb217676 is offline
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Just sell them slowly for good old cash! If someone wants to spend huge dollars on your stuff, arrange to meet privately and do the exchange!
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Last edited by jb217676; 04-20-2018 at 04:09 AM.
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Old 04-21-2018, 08:10 PM
Johnny630 Johnny630 is offline
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Find a rich private cash buyer.
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Old 04-18-2018, 06:01 PM
sb1 sb1 is offline
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This would likely be considered a collectibles gain, therefore taxed at 28% regardless of your tax bracket.
That is correct, on the sale price less the basis of the material.
Last edited by sb1; 04-18-2018 at 06:01 PM.
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Old 04-18-2018, 06:11 PM
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Bigdaddy Bigdaddy is offline
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I think since I am in the 39% bracket- i pay 20% on the gains and spreading wouldnt help. Am I correct?
It may help prevent 'buyers fatigue' though and fetch higher prices than if the collection was unloaded on the market all at once.
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