Collectibles Are Different Thank Other Investments

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Collectibles Are Different Thank Other Investments

Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to This is a one-minute moment.

Dr. Friday 0:12
And one of the calls we received on the radio a few weeks ago came in and they were talking about collectibles. This person had a baseball card that was apparently going to be worth over a million dollars. And what he was thinking was long term capital gains because he’s owned it for six or seven years. And I had to correct him and say, “Hey, wait on collectibles, it goes up to 28%.” That’s right. So if you’ve got precious metals, you’ve got antiques, you have collectibles, the government looks at those differently than they look at stocks or other investments. So if you’ve got something that’s collectible, and you’re thinking about selling you better call us at 615-367-0819.

Announcer 0:51
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.