Inflation adjustment

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What inflation adjustment on a tax return are you referring to?

Sold items i bought in 2004, should i adjust my costs in 2004 dollars or adjust for inflation?

@cab312 wrote:

Sold items i bought in 2004, should i adjust my costs in 2004 dollars or adjust for inflation?

No. Your gain on the sale is the sales price minus the purchase price. There is no adjustment for inflation.

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