Submitted by beckagrosst t3_zyglbm in personalfinance
freddie_the_mercury t1_j25udgn wrote
Reply to comment by beckagrosst in How should I deduct cost of goods sold for gifted household items for eBay taxes? by beckagrosst
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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