Tax Question

[TanksAndSpartans]

Originally Posted by egbeachley

Yes. If you sold the $10K card by accident and kept the 5 cent card. When buying lots you have to properly allocate based on fair value.

Right, I understand that part. I was trying to get at something different. A lot of us are collectors who occasionally sell a card. But it wouldn't seem like I could then take purchases minus sales and call it a loss because I bought more than I sold. Granted the OP seems to by buying with the intention to sell, but that's why I exaggerated the example.