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Go Back   Net54baseball.com Forums > Net54baseball Main Forum - WWII & Older Baseball Cards > Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions

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  #1  
Old 01-04-2010, 05:49 PM
iggyman's Avatar
iggyman iggyman is offline
I. "Iggy" G0nz@lez
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I salute you in your quest and wish you "bon voyagee" on your journey. One tiny question, if I may. Are there any tax consequences towards the end of your journey??? Especially if you get some pub. (*and I'm not talking about beer...).

Lovely Day...
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  #2  
Old 01-07-2010, 10:32 AM
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teetwoohsix teetwoohsix is offline
Clayton
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I'm just curious-will you also let us know what you paid for the item?I can see why you wouldn't want to say "before" the item was flipped,but how about "after"?Then we could really understand the progression.Just wondering..........
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  #3  
Old 01-07-2010, 02:23 PM
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Max Weder
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Quote:
Originally Posted by iggyman View Post
I... One tiny question, if I may. Are there any tax consequences towards the end of your journey??? Especially if you get some pub. (*and I'm not talking about beer...).

Lovely Day...
I'm just a Canadian tax lawyer, so I know (next to) nothing about US tax. I suspect baseball cards don't qualify as "replacement property" for a US tax deferral.

On the other hand, I grew up in Saskatchewan, so I do know something about getting houses for red paper clips. If I recall correctly, the house in question had a fair market value of about $30,000. A few years ago (before the potash boom), some houses in rural Saskatchewan would be sold for $1, as they weren't worth more than the cost of incurring the running expenses (property tax, heating, insurance, etc). It's actually quite sad how many small towns and farm houses in Saskatchewan have disappeared into the prairies over the last 40 years, as farms get larger. My grandparent's farmhouse is a typical example, with a picture of the old barn, taken about 20 years ago:





Good luck in your quest.

Max
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  #4  
Old 01-08-2010, 12:12 AM
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Kawika Kawika is offline
David McDonald
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Good night, Max Boy.
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  #5  
Old 03-01-2010, 06:58 PM
sportscardtheory sportscardtheory is offline
John Startleman
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I know it's been awhile, but once I get some real money it will go much faster.

Item #2 Paid - $10.99

Item #2a SOLD - $7.89 Net (2a/2b/2c/2d)

Item #2b SOLD - $7.89 Net (2a/2b/2c/2d)

Item #2c SOLD - $7.89 Net (2a/2b/2c/2d)

Item #2d SOLD - $7.89 Net (2a/2b/2c/2d)

Last edited by sportscardtheory; 03-13-2010 at 02:16 PM.
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Old 03-01-2010, 07:09 PM
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Patrick N.
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We will all be DEAD by the time this comes to fruition...And I'm only 31
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  #7  
Old 03-01-2010, 07:33 PM
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Greg Schwartz
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As will our great grandchildren.
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