Thank you for that wonderfully detailed reply.
I am not a professional musician only a non-paid amateur. My parents purchased the instrument for me (I was in my teens) new around 1972, so it is fifty years old. It is a discontinued model and is highly sought after by pros.
Appears it will likely sell for between $6K-$6.5K. I’m not sure if I need to report the sale this quarter or year end, or if at all.
thanks for everyone’s feedback. Much appreciated.
