collectibles gain
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 1 — in this section (2 versions over time)
The terms “collectibles gain” and “collectibles loss” mean gain or loss (respectively) from the sale or exchange of a collectible (as defined in section 408(m) without regard to paragraph (3) thereof) which is a capital asset held for more than 1 year but only to the extent such gain is taken into account in computing gross income and such loss is taken into account in computing taxable income.