T206 Wagner no longer the world's most expensive baseball card

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#10

08-25-2020, 09:05 AM

swarmee

J0hn Raff3rty

Member

Join Date: Jul 2014

Location: Niceville FL

Posts: 7,438

Quote:

Originally Posted by MikeGarcia

..how long did he own it ? Does the IRS care if he's just selling an old baseball card from his personal collection , or is he selling an asset at more than he paid for it .......is there such a thing as ''unintentional , accidental, surprise !! 'profit ?

..?

We're having some fun threads on Blowout because people don't realize they're supposed to pay Federal taxes on cards like all the thousand dollar Prizm basketball cards. Will be very interesting to see if the IRS ever gets involved in the sports card market.
They might be able to close the budget deficit next year... ;-)

__________________
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PWCC: The Fish Stinks From the Head
PSA: Regularly Get Cheated
BGS: Can't detect trimming on modern
SGC: Closed auto authentication business
JSA: Approved same T206 Autos before SGC
Oh, what a difference a year makes.

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