Which of the following is most likely a non-taxable item for auctioneers?

Real estate transactions are generally considered non-taxable for auctioneers under certain conditions. When real estate is sold at auction, the sale is often exempt from sales tax because real property is treated differently than tangible personal property in the eyes of tax laws. In many jurisdictions, including Kentucky, the sale of real estate does not attract sales tax, though transfer taxes may apply. This distinction is important for auctioneers to understand as it impacts how they handle transactions involving real estate during auctions.

In contrast, luxury food items, jewelry, and collector's items typically fall under taxable items because they are considered tangible personal property. These items are subject to different sales tax regulations, which means auctioneers must apply sales tax when they facilitate the auctioning of such goods. Understanding the tax implications for various types of items is crucial for auctioneers to ensure compliance with tax laws and to provide accurate information to buyers and sellers during an auction.