Quote:
Originally Posted by Republicaninmass
It all depends when the margin call comes. What happens if values fall 50%?
What if the advance doesnt cover your future purchases. Also, what are the tax ramifications? Is this some sort of 1031 exchange for cards?
Just too many new variables heating up the already white hot market.
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There is emphatically NO possibility of a Section 1031 Like-Kind Exchange on baseball cards. Under current tax law the only type of asset that can ne subject to a Like-Kind Exchange is real estate......period!