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sales of antiques at auction
Hello.
I sold many (50+) antique pottery items at auction in 2022. The pottery items were all different but were the same type - Victorian era, English figures.
The items were sold in lots of 4 or 5 items.
Can I report the auction sales by lots, or do I need to somehow allocate the lot sales price amount among the items and report each item sale individually? If I need to report each item sale individually, how do I divide the total lot sale price (and the auction house charges) among the items?
Any help would be appreciated! Thank you!
‎February 11, 2023
5:50 AM