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Posted By: Dave

How diligent is everyone when it comes to taxable income from card sales?

I'm not talking about a real dealer, but individual collectors who may also invest or just sell the occasional card. The quick check for the difference is whether sales tax must be charged in his home state.

The proper accounting is to claim gains, long term or short term, as the case may be, and pay your dues. But, it seems that these transactions are really obscure.