ryanwfrederick
Level 1
2 weeks ago
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So, client sold a baseball collection he'd been building since he was a kid. He'd never listed it as an asset previously, but he knew what he'd spent on it and had sold it at a substantial loss (financial hardship). I'm a bit unsure how to report this - I've got it on his Schedule D at the moment, since he received a 1099K for the proceeds of the sale. Just not sure if there's a better way/looking for confirmation that I've reported it correctly. Thanks!
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