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#9
10-17-2016, 08:45 PM
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Mike, it is my understanding that a card dealer is required to report using Schedule C ( which is used to report the results of a business), whereas a card collector is required to report using Schedule D. How long ago the cards were acquired prior to their sale is irrelevant in either case. If I remember correctly (my "CRS" disease gets worse every year!), one major difference exists with respect to cards sold at a loss; such losses are offset against cards sold at a profit by a dealer, but not so by a collector.
Val 
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