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Net54baseball.com Forums - View Single Post - Grading Fees & Taxes - are they deductible?
Thread: Grading Fees & Taxes - are they deductible?
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Old 03-28-2025, 10:26 PM
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Angyale Angyale is offline
E. Angyal
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Join Date: May 2009
Location: Northeast Ohio
Posts: 381
Default Grading Fees & Taxes - are they deductible?
Say you buy a card for $1000, hold onto it for 10 years for a long term gain, pay $300 to get it graded at SGC then sell it for $4500 and pay $30 for registered mail shipping. Do/can you count the grading fees and shipping as an adjustment in column (g) of part II of your 8949 form and then pay taxes on the resulting net gain of $4500-$1000-$330=$3,170 column (h)? Thanks in advance!

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