Quote:
Originally Posted by Ben Yourg
How does the IRS look at this?
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The IRS looks at it the way many of the posters here do. It’s all about the card, not the holder.
You can swap out, change around, or abandon the holder altogether, and it’s still the same card you bought in the first place, and when you sell it, the only real difference here is that the seller theoretically paid a little bit to get it graded by CSG. So the cost basis in the card would rise for those costs.
Otherwise, this is no different than buying and selling any other card. The seller made a bunch of money, and now gets to pay a lot of it to the government.
Edit: assuming, of course, that there are no shenanigans, like the buyer being the seller’s wife or something.