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Net54baseball.com Forums - View Single Post - Would you take this deal?
Thread: Would you take this deal?
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Old 03-31-2023, 01:29 AM
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Mark17 Mark17 is online now
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Quote:
Originally Posted by BobC View Post

If you are a collector, selling your collectibles, you cannot deduct any losses from the sale of one against the gains from another.
Bob,
Suppose I trade you a green T206 Cobb and a monster box of 1988 Fleer Jefferies. I paid $3,000 for the Cobb and $25,000 for the Jefferies. My total cost basis is $28,000.

I receive from you a lower grade green Cobb, current market value $18,000, plus $10,000 cash. From a tax perspective, isn't that a break-even deal for me?
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