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12-21-2007, 04:01 PM

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consignment question

Posted By: Jason

I was thinking about consigning some items to Mastro in a future auction. My question is, do the auction houses (Mastro, Goodwin, etc) report their sales to the IRS by collecting your SS number at consignment time? or is it like Ebay where no SS number is ever involved and it is up to you to be honest and pay the piper if and when you make a profit (or take a loss) on any cards?

Any insight into this realm of taxation would be appreciated.

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