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JudgeDred(Fred)I suppose if you were completely forthright with the tax people then you'd claim the income. I would venture to guess that most people that do this as a hobby don't bother with reporting "gains". Now if you happen to cut loose of a T206 Wagner or something of great value then you might want to consider the consequences of cutting out the tax man.
There are people that transact in less than $10K amounts (for reasons I wouldn't know why....).
If it's a hobby then what the heck. I figure we're all going to get stuck in arse one of these days by some government internet transaction tax so enjoy the free trades/sales while you can. Who knows, in a few years people will be saying "I remember when..."
04-24-2006, 10:32 PM
Tax question
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