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  #1  
Old 03-14-2024, 05:56 AM
sb1 sb1 is offline
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Quote:
Originally Posted by Peter_Spaeth View Post
My insight is that I would probably sell mine now if it weren't for taxes.
Very true, the cost of exiting in the collectible category is a big hit to the pocket.
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Old 03-16-2024, 09:52 AM
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Lorewalker Lorewalker is offline
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Quote:
Originally Posted by sb1 View Post
Very true, the cost of exiting in the collectible category is a big hit to the pocket.
To me it beats taking a loss on an item. Gladly...well maybe not gladly but willing to pay taxes on a gain over taking less than I paid. Even after taxes, we still get to keep a majority of the gain.

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Old 03-16-2024, 11:13 AM
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Peter_Spaeth Peter_Spaeth is offline
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To be more accurate, what I meant to say was that after taking taxes into account, the profit is not large enough to entice me to sell. As Lorewalker says, it wouldn't really be a hit to the pocket, it would still be a nice gain.
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Old 03-16-2024, 04:44 PM
Gorditadogg Gorditadogg is offline
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Quote:
Originally Posted by Peter_Spaeth View Post
To be more accurate, what I meant to say was that after taking taxes into account, the profit is not large enough to entice me to sell. As Lorewalker says, it wouldn't really be a hit to the pocket, it would still be a nice gain.
I know what you mean. That's what my dad told me when I asked if he was going to sell Tesla when it was at 1200.

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Last edited by Gorditadogg; 03-16-2024 at 04:47 PM.
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