View Single Post
  #2  
Old 08-15-2011, 11:38 AM
bobbyw8469's Avatar
bobbyw8469 bobbyw8469 is offline
Robert Williams
member
 
Join Date: Aug 2009
Location: North Carolina
Posts: 9,059
Default

That is a hard one. You are going to have to have some kind of proof of what you paid, or the IRS is thinking that you have received 100% profit and is going to want a cut of it. The whole thing is a logistical nightmare for the average seller, who happens to be selling valuable items such as baseball cards.
Reply With Quote