After studying this issue further:As indicated by previous replies, my situation is not a matter of applying Section 183 (the hobby loss rule), but is a matter ...
Thanks HACKITOFF,I will spend some time studying this. More importantly, I'll wait and see if there are additional replies from those more knowledgeable about t...
To be honest, I'm having trouble understanding this. Consider, for example:I have a collection of 100 coins which has a basis of say $1000. If I sell this colle...
That doesn't answer my question. Another way to look at it, which would be similar to my situation: If I have gains from selling collectables of one type, can I...
