Quote:
Originally Posted by Hordfest
This thread is making me dread selling...I was so excited to sell my old collection but now I'm quite nervous about all of this.
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Do yourself a big favor, if possible. Don't just sell everything one year, and then wait till tax prep time the following year to finally bring it up to some qualified tax professional you are then looking to for tax prep assistance. The more valuable the collection, the better off you are to discuss it with someone as early as possible, maybe even before putting anything up for sale. Good luck.