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<p>[QUOTE="harrync, post: 2236339, member: 58588"]As a rule, you can not deduct hobby loses [anymore than you could deduct the "loss" when you sell a personal use car], but you can in effect take a loss with a little tax planing. If you have a coin with a $1000 loss, and another coin with a gain over $1000, and bundle them together in one sale, you only pay tax on the net gain, so in effect you are able to deduct the $1000 loss.[/QUOTE]</p><p><br /></p>
[QUOTE="harrync, post: 2236339, member: 58588"]As a rule, you can not deduct hobby loses [anymore than you could deduct the "loss" when you sell a personal use car], but you can in effect take a loss with a little tax planing. If you have a coin with a $1000 loss, and another coin with a gain over $1000, and bundle them together in one sale, you only pay tax on the net gain, so in effect you are able to deduct the $1000 loss.[/QUOTE]
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