You can defer collectibles gain into a Qualified Opportunity Fund (QOF). You'll just have collectibles gain when you recognize the deferred gain; you don't change the character of the capital gain through QOF investment.
What are my tax implications if I buy and sell collectibles? Is there something I can do to save on taxes?
You can defer collectibles gain into a Qualified Opportunity Fund (QOF). You'll just have collectibles gain when you recognize the deferred gain; you don't change the character of the capital gain through QOF investment.
If you have a long term capital gain from sale of collectibles, you can defer the tax and benefit from investing the gain in an Opportunity Zone Fund.
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