Collectible Item

Report a collectible item and income from the sales of collectible items in Schedule A. 

Collectible: Examples

For You, Your Spouse, and Your Dependent Children

Schedule A

Report a collectible item if (a) the item is held for investment purposes and had a value that was more than $1,000 at the end of the reporting period, or (b) the item produced more than $200 in income during the reporting period.

Block A: Describe the nature of the collectible item, such as “rare book” or “classic car.” You may aggregate multiple items of a similar nature as a single entry.

Block B: Report the value of the collectible item by marking the appropriate column.

Block C: Report the income produced by the collectible item by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column.

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This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.