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<p>[QUOTE=&quot;lkeigwin, post: 1294286, member: 30400&quot;]Relax. Most of us don&#039;t have gains to worry about.</p><p><br /></p><p>If you have, then GA doesn&#039;t care. The Feds do. You are legally obligated to report it. It may or may not make a bit of difference to the bottom line. Depends on income, deductibles, taxable adjusted income, etc.</p><p><br /></p><p>Maybe you don&#039;t have an accountant. You do your taxes and H&amp;R. My advice it to be straight about any big gains. And not sweat the little stuff.</p><p><br /></p><p>FWIW, last I heard -- and maybe I heard wrong (have&#039;t looked it up), is you cannot wrote off gains and losses for this hobby. But that&#039;s probably not a matter to you.</p><p><br /></p><p>You&#039;re cool for just asking about this. Almost no one even thinks to report small gains. But if you made a lot of money, then do the right thing and report it.</p><p>Lance.[/QUOTE]</p><p><br /></p>

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