[Gusturd]

I can't thank everyone enough for chiming in and I can't believe there isn't more discussion of this topic on this forum. You'd think there'd be a permanent "How to" thread, as I'm guessing 100% of the people posting here (or their heirs) will face these questions at some point.

I've certainly learned a lot reading (and re-reading) the replies here and the clearer things become the more complicated they seem to become.

When it comes time to report these sales, would/could I actually report them three different ways? I'd see myself fitting all three categories. I have the cards I display, the cards I keep locked away and the cards I've just accumulated and don't care so much about that I would probably start selling with.

And I said I have a spreadsheet for most of my "significant" cards, but that doesn't cover everything. I've got plenty of memorabilia and lesser cards I'd have a hard time remembering where I got, never mind what I paid. How do you determine cost basis for that? Do you use "book value"? Ebay past sales? Guesstimate? What passes muster here and what doesn't?

Thanks again for the continued participation here. I'm sure I'm not the only one this information is helping.