![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
|
#8
|
||||
|
||||
![]()
Should be no tax provided it's worth the same or less at the date of sale as it was on the date of transfer. If it's a $50k sale and it was transferred to the person at $45k, there would be tax on a $5k gain (not $5k in tax).
|
|
|
![]() |
||||
Thread | Thread Starter | Forum | Replies | Last Post |
Selling an Inherited Collection | Northwoods | Modern Baseball Cards Forum (1980-Present) | 12 | 12-30-2020 12:56 PM |
Help with inherited card collection. | Devojrx7 | Postwar Baseball Cards Forum (Pre-1980) | 21 | 12-05-2020 06:05 PM |
PayPal & Income Tax Question | GehrigFan | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 14 | 09-11-2014 07:43 PM |
For the Casual Seller on eBay: Do you report your income? | cbcbcb | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 8 | 03-22-2010 11:53 AM |
Income set aside for collecting | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 10 | 10-22-2006 08:20 AM |