Sale of investment-grade US American Currency at a loss to offset capital gains from the sale of common stock. Can I deduct this loss and if so, how much?
Sale of investment-grade US American Currency at a loss to offset capital gains from the sale of common stock. Can I deduct this loss and if so, how much?
What do you mean by "investment-grade US American Currency"? Are you talking about US coins or paper money that has value to a numismatist?
Sale of investment-grade US American Currency at a loss to offset capital gains from the sale of common stock. Can I deduct this loss and if so, how much?
my thoughts. if you are engaged in a business of buying and selling currency, the loss would go on schedule C. if it's a hobby, the loss is probably not deductible.
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