Submitted by beckagrosst t3_zyglbm in personalfinance
beckagrosst OP t1_j25r6ow wrote
Reply to comment by freddie_the_mercury in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst
This is what I've heard too, but am unsure how to verify this.
freddie_the_mercury t1_j25udgn wrote
I believe the cost basis explanation applies for more than real property. It is referenced in a turbotax questions here regarding your exact scenario:
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