Collectibles

Viewing 3 posts - 1 through 3 (of 3 total)
  • Author
    Posts
  • #54688
    scottie5959
    Participant

    I have some long term gains on sports cards that were purchased around 10 years ago. I have the paypal emails from when I bought the items showing the item name, date, and cost. Would this be sufficient documentation regarding basis?

    #54696
    Kaye Thomas
    Moderator

    I don’t see any problem with that documentation. Note that although sports cards would seem to be almost prototypical examples of collectibles, the tax law provides a specific definition under which only certain enumerated items are considered collectibles, and that list does not include sports cards.

    #54761
    scottie5959
    Participant

    Thanks for the response.

Viewing 3 posts - 1 through 3 (of 3 total)
  • You must be logged in to reply to this topic.