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I purchased a “collectible” painting and later offer it back to the gallery for consignment, purchaser has stopped paying. Can I claim as an investment loss? How?
I paid 2000 for a piece of art. I gave it back to the gallery for consignment. The purchaser of my consignment art stopped making payments, far short of the price. Can I write this off as a loss? What documentation do I need? Thanks
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June 4, 2019
7:08 PM