Artist: art sale= Capital Gains Tax or Income Tax?
This is a discussion on Artist: art sale= Capital Gains Tax or Income Tax? within the Tax Issues forum, part of the BUSINESS & FINANCE LAW category; I am an artist. I plan on selling some of my art to an art fund for some of its ...
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Oct 10th, 2009, 09:03 PM
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Artist: art sale= Capital Gains Tax or Income Tax?
I am an artist. I plan on selling some of my art to an art fund for some of its stock. I understand I would need to pay income tax on this.
When I eventually sell my stocks (after they've sold my art that has appreciated), do I need to pay income tax or capital gains tax? Would the tax treatment (income/capital) be the same if the stocks were held by a corporation? |
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Oct 11th, 2009, 11:57 AM
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Re: Artist: art sale= Capital Gains Tax or Income Tax?
If it is truly a stock holding you pay cap gains--
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