Capital-gains parity for art at a standstill
Several measures that would put art and collectibles’ tax treatment on par with other investments are sitting in committee.
Several measures that would put art and collectibles’ tax treatment on par with other investments are sitting in committee. S 374, which is in the Finance Committee, would also provide a tax deduction for charitable contributions of literary, musical, artistic or scholarly compositions created by the donor. Similar bills, S 548 (25 co-sponsors) and HR 1524 (57 co-sponsors) are also awaiting committee action. For more details, visit thomas.loc.gov.
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