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<p>[QUOTE=&quot;GDJMSP, post: 1294540, member: 112&quot;]I always had my accountant do my taxes. But I did it year after year after year, and there was never a question. And you would think if there was ever a problem or if it was not permitted that the IRS would certainly speak up. They never did - ever !</p><p><br /></p><p>And no, it was never part of the same transaction. And yes losses most definitely off-set gains. And yes carry forwards of losses are permitted, for 3 years. It all works exactly like it does with gains and losses on stocks.</p><p><br /></p><p>For that matter, you can even off-set gains at the casino with losses at the casino, provided you get and keep the required records from the casino.</p><p><br /></p><p>Now the last time I did any of this was in 2006 when I sold off my collection. And it was all perfectly legal then. As far as I know, it still is.</p><p><br /></p><p>But like I have said every time I have ever talked about taxes and coins - LET YOUR ACCOUNTANT HANDLE IT ! It&#039;s his job <u>to know</u> what can be done and can&#039;t done.[/QUOTE]</p><p><br /></p>

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