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Old 02-28-2007, 07:39 AM
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Default Are baseball card transactions taxable?

Posted By: Hal Lewis

Think the IRS will go after the guy who just sold his T206 Wagner for a profit of more than $1 million?

Unfortunately... they will probably use this as a "test case" to come down hard on him and set an example.

Hopefully he has a good tax lawyer who can win the battle and get the profit declared as "Long Term Capital Gains."

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