I have been self employed since Sep 18, selling online, mostly low value collectible coins with a very low income, currently no profit, small loss from sep 18 to April 19. I recently purchased a batch of coins from an auction which have turned out to be of very high value. The four coins have been sent to auction house in the US and will be sold at auction in Hong Kong in June, low estimate is 200k USD. What would be the tax implications of this sale?
Any advice appreciated
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