Hi All,
It looks like I'm in the right topic area, but still not sure if I'm understanding things correctly. In short, I had been buying coins (collectibles and bullion) over the years. I've now started selling them on eBay. Some are sold at a loss, and some at a profit. Can I deduct the losses from the profits (up to the profit limit, I understand)? Can I also deduct fees, packing supplies, etc. up to the profit limit? I understand I can't show (benefit from) a loss. However, can I get to zero if losses/expenses are equal to or greater than the profits?
Thanks!
Alex L.
