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Bob SI appreciate all the great replies.
It seems that there is an illogical penalty for collectors who can't deduct losses but must report gains. But, I guess logic is an oxymoron in relation to the tax code.
I manage to live these days on ~15-18K a year, and I never had >5k in sales or purchases in a given year, much less profits or losses.
I don't want to sound like a sap, but I do like to do the right thing legally and morally. In this case there seems to be little connection between those two concepts. LOL
I just hope that I will have some profits, meaning really, enough positive cash flow, in my aging years, to make the issue relevant.
Thanks, again, folks,
Bob