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<p>[QUOTE="statequarterguy, post: 932674, member: 21782"]The TPG records would show you once owned the coin. If during an audit, the IRS inspected your inventory and those coins were no longer in your inventory, they would look for a sale and profit or loss on the transaction. </p><p> </p><p>Yes, the fee for certifying the coin would add to the basis of the coin, thus reducing the profit or increase the loss from a sale. But, like has been advised here, you should get the help of a tax professional if you can't figure it out yourself from the published literature - I've been retired five years and things change.[/QUOTE]</p><p><br /></p>
[QUOTE="statequarterguy, post: 932674, member: 21782"]The TPG records would show you once owned the coin. If during an audit, the IRS inspected your inventory and those coins were no longer in your inventory, they would look for a sale and profit or loss on the transaction. Yes, the fee for certifying the coin would add to the basis of the coin, thus reducing the profit or increase the loss from a sale. But, like has been advised here, you should get the help of a tax professional if you can't figure it out yourself from the published literature - I've been retired five years and things change.[/QUOTE]
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