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<p>[QUOTE=&quot;justafarmer, post: 1105942, member: 3926&quot;]Suppose you have a 1937-D three legged buffalo nickel that you trade into a dealer for an up-grade. The basis of your new nickel will be the retail price (trade plus boot) of the transaction and you&#039;ll receive a 1099 misc for the trade-in nickel. The actual payment for your new nickel will be - the old nickel plus boot plus taxes on the gain realized from the old nickel. In other words I am thinking the IRS will not allow an adjustment to the basis of the new nickel under the rules established for a like-kind exchange.[/QUOTE]</p><p><br /></p>

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