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#3
02-27-2007, 07:46 AM
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Are baseball card transactions taxable?
Posted By: leon
As Barry said it's income. I treated it as such a few years ago, actually it was a loss of a few thousand dollars, went through an IRS audit, and it was fine...I showed where I bought the cards on ebay, and sold them on ebay for a loss......I did forget about a few stocks I sold and had to pay the piper...but the card part was fine.....The IRS recognized and accepted the loss. 
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