Tax Expert Question
In 2023, if Married filing jointly, you pay 0% long-term capital gains tax if your income was $ 89,250 or below . So if I bought a card or set etc. maybe 2 years ago for $ 1000 and sell for $ 5000 I owe no tax on this item under these circumstances.
I'm asking is this correct or I'm I reading the tax code wrong ? thanks
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Wanted : Detroit Baseball Cards and Memorabilia ( from 19th Century Detroit Wolverines to Detroit Tigers Ty Cobb to Al Kaline).
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