Thread: Tax Question
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Old 04-13-2016, 09:11 PM
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John
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Quote:
Originally Posted by egbeachley View Post
Yes. If you sold the $10K card by accident and kept the 5 cent card. When buying lots you have to properly allocate based on fair value.
Right, I understand that part. I was trying to get at something different. A lot of us are collectors who occasionally sell a card. But it wouldn't seem like I could then take purchases minus sales and call it a loss because I bought more than I sold. Granted the OP seems to by buying with the intention to sell, but that's why I exaggerated the example.

Last edited by TanksAndSpartans; 04-13-2016 at 09:11 PM.
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