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are you in the business of buying and selling sports cards? 

 

 

if you're not in the business you are selling collectibles which get reported on schedule D 

 

When selling sports cards, whether they are reported on Schedule D or Schedule C depends on how you treat them for tax purposes. Here’s the breakdown:

  1. Schedule D (Capital Gains and Losses):

  2. Schedule C (Profit or Loss from Business):

    • If you consider your sports card activity as a business (e.g., buying and selling regularly), you should file a Schedule C.
    • Treating your cards as a business allows you to deduct business-related expenses but also subjects you to self-employment taxes.