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Selling at auction? Commission? Premium?


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21 replies to this topic

#21 maxfaxdude

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Posted 20 November 2019 - 06:28 PM

Gota remember the auction houses will include a 1099 with your check... maybe not a big deal now for me since I retired, but remember it in your calculations.

Both houses told me no tax forms are issued. 

Good to know!  Capital gains taxes are no fun.


Edited by maxfaxdude, 20 November 2019 - 06:28 PM.

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#22 bmarvin

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Posted Yesterday, 09:01 AM

I've bought and sold through both RIA and Morphy's and never had any mention of a 1099

It's up to the individual to calculate  their gains (or losses)


Edited by bmarvin, Yesterday, 09:02 AM.

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