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ct289
New Member

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?

 
2 Replies
TomYoung
Level 13

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?  
Anonymous
Not applicable

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.  

you paid for live support, why not use it.  

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