Quote:
Originally Posted by sb1
There is no such thing as a tax loss on collectibles....I am sure some get lucky and don't get questioned, but if they do.
Time for the CPA's to chime in.
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I suspect that once the govt decided that we would all be getting tax forms for selling $600 worth of cards on ebay that many sellers decided to acquire a business license and become legitimate dealers, keeping detailed records of everything they buy and sell.