Quote:
Originally Posted by mechanicalman
Does anyone know if auction houses report your "income" if you consign some cards and subsequently receive a large check?
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This thread certainly got my attention. Sort of tying into the question above, back in the 80's and early 90's, I was big into collecting vinyl albums. Now, as I get older, I decided to part with them, as I'm trying to decrease my collections. If I understand the info posted here so far, if I sell them through an auction house, I will owe taxes on the winnings? And since it was so long ago, I have NO IDEA what I paid for them. Ugh.