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<p>[QUOTE=&quot;Publius2, post: 26670082, member: 105571&quot;]I was getting ready to sell off duplicate coins and collections I was no longer interested in so I asked my tax accountant about calculating capital gains/losses.&nbsp; I posited that I sold 10 coins individually through Great Collections but via one shipment and one auction event .&nbsp; Each coin had its own hammer price plus fees.&nbsp; Plus I had records documenting what I spent to purchase each coin, including buyers premiums, S&amp;H, etc.&nbsp; In other words, everything on both sides of the transaction was known and documented.</p><p><br /></p><p>The basic question I asked him was &quot;Must I consider capital gain or loss of each individual coin in the ten coin lot or can I aggregate the total gain/loss of the entire ten coin lot even though each coin was auctioned off individually?&quot;&nbsp; He told me I could aggregate the lot.&nbsp; That answer can make a big difference in the calculation of capital gains since you cannot take any credit for a loss if you must consider each coin individually.&nbsp; I&#039;m not sure I have bought fully into his answer since it seems apparent to me that the government will always interpret things to their advantage not to mine.</p><p><br /></p><p>Also note that the situation as I presented it to the accountant was a single event, the one auction.&nbsp; I don&#039;t think you can extrapolate his opinion to multiple sales over time, locations, and venues.&nbsp; Be nice if we could but I don&#039;t think it would fly at all with the IRS.</p><p><br /></p><p>Above is not advice.[/QUOTE]</p><p><br /></p>

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