Curtis inherited a baseball card and coin collection from his father back in 2011. He sold his best coin in early 2020 which had a basis of $3,000 for $7,500. With COVID going on, Curtis was laid off from his job and after making such a good profit on selling the coin that he decided to set up his own business. By December of 2020, he had amassed over $28,000 in profits form selling other cards and coins from his collection.

Required

- Identify the tax issues and potential keywords,

- What code sections may apply, rulings or court cases are the most applicable?