Coin Collection Sold

[JMReedy]

I am sure this falls under Capital Gains/Losses but I am not sure how to report it. Any help would be appreciated. Thank you.

[Camp1040]

Date and amount of coin collection cost

Date and amount of coin collection sale.

Hopefully all are either  long or short term

[TaxGuyBill · Accepted solution]

On the 1099-B worksheet.

Enter the information but double-click the entry fields to get to an additional worksheet, where you'll look for Part III and you should check the box for "collectibles".

[PATAX]

Most numismatists, including myself, have been collecting for many years, so it may be a challenge adding up cost basis.