OT: IRS Paypal Tax Situation - Net54baseball.com Forums

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#21

10-19-2016, 07:48 AM

blackandgold blackandgold is offline

Matt

Member

Join Date: Aug 2010

Location: Pennsylvania

Posts: 246

Quote:

Originally Posted by mechanicalman

Does anyone know if auction houses report your "income" if you consign some cards and subsequently receive a large check?

This thread certainly got my attention. Sort of tying into the question above, back in the 80's and early 90's, I was big into collecting vinyl albums. Now, as I get older, I decided to part with them, as I'm trying to decrease my collections. If I understand the info posted here so far, if I sell them through an auction house, I will owe taxes on the winnings? And since it was so long ago, I have NO IDEA what I paid for them. Ugh.

__________________
Always collecting Pirates from the early 1900's thru the early 70's.

Completed - 1967 Topps Baseball, 1969 Greiner Tires Pirates, 1964 Topps Giants, 1967 Topps Test Stickers - Pirates

Also looking for a 1970's Spalding Advisory Staff photo of Richie Hebner.

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