Quote:
Originally Posted by Snapolit1
Do not believe that's true unless you can substantiate that you are running a business and not a hobby. Occasional sales probably a hobby. Can't offset hobby expenses.
That's always been my understanding.
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So if I buy a card for 1000 and sell it for 800 I owe taxes? 
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Four phrases I have coined that sum up today's hobby:
No consequences.
Stuff trumps all.
The flip is the commoodity.
Animal Farm grading.
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