Quote:
Originally Posted by D. Bergin
What if he re-invests the difference in Ricky Jordan Rookies and declares it a business expense?
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That listing is great. You have to love a collector with a sense of humor.
On the business of re-investing....I am no tax lawyer but the 2nd investment would have to be liquidated to know if there is a gain or a loss on it. Simply buying an investment is not an expense. The expense (loss) comes when you sell for less than you paid. regards