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<p>[QUOTE="BlackberryPie, post: 8141836, member: 99769"]What if the majority are high-end graded commemoratives which were bought at and around the peak prices before they tanked? </p><p><br /></p><p>There are extensive spreadsheets of dates purchased, prices, from whom, and places. </p><p><br /></p><p>Say he breaks even due to the price drops, would he still owe taxes on $500k even if hypothetically there are no gains, which could be proven through purchase records?[/QUOTE]</p><p><br /></p>
[QUOTE="BlackberryPie, post: 8141836, member: 99769"]What if the majority are high-end graded commemoratives which were bought at and around the peak prices before they tanked? There are extensive spreadsheets of dates purchased, prices, from whom, and places. Say he breaks even due to the price drops, would he still owe taxes on $500k even if hypothetically there are no gains, which could be proven through purchase records?[/QUOTE]
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