Originally Posted By: Grouse Guy
Originally Posted By: James M
Guns as "Investments"?

Hypothetical situation:
You bought a decent double gun several years ago for $2000 and sell it for $3000. Do you report the $1000 gain to the IRS as income?


I do. You've got a week to do the right thing. smirk


After deducting associated proportional cost of storage, cleaning materials, upkeep etc it becomes a tax deductible loss doesn't it? smile

Jeremy