Private Piano Sale/Capital Gains Tax?

[Jon Page]

I received a call from someone wanting to sell one of his two pianos.
A older Baldwin SF 10 and a 18 y/o S&S B.

He said that if he sold the S&S, he would have to pay Capital Gains Tax
on the amount over his purchase price but not on the Baldwin.
I told him I didn't think personal property was subject to this tax.

Can any of the tax savvy on the list shed some light on this?

Regards,

Jon Page