The trend in Wagner cards - Net54baseball.com Forums

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#29

09-10-2024, 01:25 PM

Peter_Spaeth Peter_Spaeth is offline

Peter Spaeth

Member

Join Date: Apr 2009

Posts: 33,654

Quote:

Originally Posted by Kco

1. if you have good record keeping you will pay only on profit which is pocketed.
2. Did you sell other items for a loss at any point to offset any profit gain?
3. If used to trade up or into something bigger you can get around capital gains altogrether if you don't take an outright cash out, depending on how you complete the transaction.

For example if you consign it to an AH, and utilize the final amount it sells for as a credit towards another purchase on that auction, you will not have to pay taxex on the sale.

I thought a collector is not supposed to offset losses.

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