My understanding of what most of you are saying is that I would only have to declare to the IRS what I gained from the sale of my cards? For example, if I purchase a card for $100 and sell if for $110 I would only have to declare the $10? Also, when purchasing my cards I never kept record of the purchase price. Would I just guess as to what I purchased them for? I do have a very good idea of what I paid, but I could be off a little. Thank you again for the information.
Mike
|