The Thrill of the Chase is Finally Over

Part of me wants to get a 'taxpayer' badge and ask him who found it in my best Fire Marshall Bill voice.

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Originally Posted by BladesNBarrels

What is the IRS's share in the treasure?

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Nothing if the finder offloads the items quietly :)

Blades, law and regs say tax must be paid at ordinary income rates, not capital gains rates, on any treasure found for the year found. Value on non monetary items, such as collectibles, should be appraised.