Want to create an interactive transcript for this episode?
Podcast: Sports Cards Live
Episode: The Truth About Sports Cards and Income Tax | David Harstock, EA | SCL #229
Description: We sit down with David Harstock, US Income Tax Professional and sports card collector, to discuss the income tax rules surrounding the buying and selling of your sports cards whether you've owned them for a day, a month, a year, a decade or even longer, common tax misconceptions, when are you required to report your sales, the tax implications of making trades, what a 1099 actually is, does the IRS even care, how is sports card income characterized, what records do you need to keep and what if you don't have documentation on historical purchases and sales you've made and...