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Collectibles include works of art, rugs, antiques, metals (such as gold, silver, and platinum bullion), gems, stamps, coins, alcoholic beverages, and certain other tangible property.
If you have a gain or loss on the sale of a collectible, you must create a Form 1099-B Proceeds From Broker and Barter Exchange Transactions in the TaxAct program and answer all questions appropriately in order for Schedule D Capital Gains and Losses to calculate.
To enter Form 1099-B for your capital gain or loss transactions through the Q&A:
Note that any link in the information above is updated each year automatically and will take you to the most recent version of the document at the time it is accessed.