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#21
02-26-2008, 07:26 AM
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IRS Form 1099 from Mastro Auctions
Posted By: Anonymous
Thanks to all of you for all the information ; it appears that : bottom line I have a long term capital gain defined as the difference between what I paid for the cards and what I received from for them from Mastro Auction Company ( very nice people to work with by the way ; I took the cards to them in person to their suburban Philadelphia agent's office )------ that amount goes onto schedule ''D'' and then onto form 1040 . I get to keep 72% of the money? Okay. I love this country. Regards , Mike Garcia --and P.S. thanks to whoever bid and won my 1934 PSA 9 Mickey Cochrane and Dizzy Dean . 
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