My collection in my will - Net54baseball.com Forums

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#12

11-18-2018, 05:26 PM

insidethewrapper insidethewrapper is offline

Mike

member

Join Date: May 2009

Posts: 1,377

I believe if you sell while still alive you will owe taxes on the profit on any of the items. For example: you brought a set at $100 years ago and now it is $ 2000, the profit would be $ 1900. If your children received it after you died, it would transfer to them ( current market value) at a $ 2000 item and if they sold it for $2000 then no taxes. Therefore don't sell before you pass away unless you really need the money. Avoid taxes if you can.

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