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#23
11-24-2020, 10:51 PM
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Some bad information here.
You do NOT pay taxes on the total sales price. You can always deduct the cost of the item. Doesn’t matter if you are a business or collector. Only the gain amount is taxed, just the tax percentage rate may change. 2018 tax laws did NOT change the fact that you pay taxes on the gain amount, NOT total sales price. 
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