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This page contains a single entry by Associate Editor published on May 28, 2010 8:27 AM.

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Guidance Suggested for Basis for Collectibles

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Associate Editor
on May 28, 2010 TrackBacks (0) Comments (0)

Frank Berall of Copp & Berall LLP has submitted to Treasury comments in regards to carryover basis.  He suggests that instead of assuming zero basis for collectibles, the IRS should provide means for determining their basis.   

See also Firm Suggests Guidance on Determining Basis for Collectibles, 2010 TNT 101-22, May 26, 2010. 

 
Posted by Neil I. Rumbak, Associate Editor, Wealth Strategies Journal. 

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