3. First-Generation Tech and Apple Products
Early personal technology devices now qualify as bona fide antiques. The original iPod classic, early Macintosh computers, and sealed first-generation iPhones have transitioned from outdated electronics to museum-quality tech history. Collectors look for pristine cosmetic conditions and original packaging.
If you have a 1984 Macintosh computer gathering dust in the basement, or an original Sony Walkman in excellent condition, you possess highly liquid assets. Even old mechanical keyboards from the 1980s and 1990s—particularly the IBM Model M—are prized by modern computer enthusiasts for their durability and tactile typing feel.
I’m in my 80s now, and recently acquired a number of family items of furniture after my (older) sister passed away. I was not responsible for state or federal inheritance taxes on the financial items she willed to me, but — IF I were to sell all or some of the furniture items (a few might be antiques, others not) — would I be liable for “capital gains” taxes on whatever money I receive from their sale?
I’m conflicted. On one hand, some of these are “family items” that my children might want someday, but I personally have no real connection to them in that respect. Further, they have been cluttering my basement for over a year. So being aware of the possible tax ramifications might influence my decision on how to proceed (or whether to proceed) in disposing of the items.