Collectible (28% Gain)

Article ID: 59972  

Question
Collectible (28% Gain)

Answer

A 28% rate gain or loss is:

  1. Any collectibles gain or loss, or
  2. The part of your gain on qualified small business stock that is equal to the section 1202 exclusion.

If this applies, check the 28% Gain box during your interview.

To determine amount of 28% Gain, fill out the worksheet on Schedule D Instructions Page D-8.


Article Details
Views: 1297 Created on: Jun 15, 2013