NonSports Forum

Net54baseball.com
Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!
Net54baseball.com
Net54baseball.com
ebay GSB
T206s on eBay
Babe Ruth Cards on eBay
t206 Ty Cobb on eBay
Ty Cobb Cards on eBay
Lou Gehrig Cards on eBay
Baseball T201-T217 on eBay
Baseball E90-E107 on eBay
T205 Cards on eBay
Baseball Postcards on eBay
Goudey Cards on eBay
Baseball Memorabilia on eBay
Baseball Exhibit Cards on eBay
Baseball Strip Cards on eBay
Baseball Baking Cards on eBay
Sporting News Cards on eBay
Play Ball Cards on eBay
Joe DiMaggio Cards on eBay
Mickey Mantle Cards on eBay
Bowman 1951-1955 on eBay
Football Cards on eBay

Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
  #15  
Old 07-25-2010, 08:53 PM
canjond's Avatar
canjond canjond is offline
Jon Canfield
Member
 
Join Date: Apr 2009
Location: New York, NY
Posts: 2,571
Default

Quote:
Originally Posted by egbeachley View Post
If the collection is purchased for $100, then it has a FMV of $100. You just spent $100 to save $30 on your taxes.
Again, I may be wrong but I didn't think determining FMV for taxing purposes is so cut and dry. For example, if I walk into a flea market and purchase a 52 Topps Mantle for 25 cents, and subsequently decide to donate it to charity, am I only able to write 25 cents off my taxes, or am I able to write off the FMV (a price someone is willing to pay for the item) - let's say $10k? In other words, I didn't think FMV had to take into consideration a "bargain" purchase price.

Oh well either way.
__________________
For information on baseball-related cigarette and tobacco packs, visit www.baseballandtobacco.com.

Last edited by canjond; 07-25-2010 at 08:56 PM.
Reply With Quote
 




Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
Japanese Baseball Card & Memorabilia Auction - ENDS TONIGHT APRIL 21 Archive Ebay, Auction and other Venues Announcement- B/S/T 1 04-21-2009 09:02 AM
2008-09 Japanese Baseball Card Checklist & Price Guide Archive Baseball Memorabilia B/S/T 1 08-13-2008 11:04 AM
About.com: Let's Review Their Baseball Card Timeline Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 10 07-23-2007 12:36 PM
Book For Sale: Baseball Hall of Fame Rookie Card Collection Archive Baseball Memorabilia B/S/T 0 04-12-2007 03:23 PM
Are baseball card transactions taxable? Archive Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions 21 02-28-2007 10:38 AM


All times are GMT -6. The time now is 06:02 PM.


ebay GSB