Not to hijack the thread, but I do have a cost of goods/basis question regarding the sale of cards. Let's say you buy a 1915 Cracker Jack set for $100,000 at auction. Five years later, the set is worth $200,000. At that time, you list and sell the Ty Cobb card from the set for $50,000. You retain the remainder of the set. How do you determine the cost basis (or cost of goods sold) for purposes of determining taxable gain?
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