here we go again... - Net54baseball.com Forums

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here we go again...

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#11

06-22-2010, 10:20 AM

Leon

peasant/forum owner

Join Date: Mar 2009

Location: near Dallas

Posts: 35,746

great listing

Quote:

Originally Posted by D. Bergin

What if he re-invests the difference in Ricky Jordan Rookies and declares it a business expense?

That listing is great. You have to love a collector with a sense of humor.

On the business of re-investing....I am no tax lawyer but the 2nd investment would have to be liquidated to know if there is a gain or a loss on it. Simply buying an investment is not an expense. The expense (loss) comes when you sell for less than you paid. regards

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Leon Luckey
www.luckeycards.com

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