Reporting sales of large $$ items - Net54baseball.com Forums

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#14

11-15-2021, 12:18 PM

Angyale

E. Angyal

Member

Join Date: May 2009

Location: Northeast Ohio

Posts: 381

In the future could there be a scenario�..

Where someone paid $100 for an item, the owner can only sell it for $500 due to market conditions at the time is sale but the “book value” is $1000 so the seller can claim a capital loss? You can’t have one scenario without the other. So if there is an unrealized capital gain, couldn’t there be an unrealized capital loss as well?

Angyale

Last edited by Angyale; 11-15-2021 at 12:20 PM.

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