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#23
03-12-2022, 02:38 PM
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BobC. Thanks for the very thorough analysis. I should note that my question was a hypothetical, as sadly I do not have a Cracker Jack set. I very much WANT that set, but I do not presently own it. If I had it, I am pretty sure I would die with it (or at least the HOFers in the set), so my heirs would get the stepped up basis. LOL I was just curious how that would work (and similarly how it might work when a collector or dealer acquires a collection). I can honestly say my LEAST enjoyable part of running my business is pulling all of the numbers together for taxes. I have to imagine it is a bit of a nightmare for a card broker that does things by the book.
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