View Single Post
Guns Excluded from Capital Gains??
Unread 03-30-2013, 09:07 AM   #25
Member
ahfoxman
PGCA Member

Member Info
 
Join Date: Jul 2009
Posts: 224
Thanks: 1,310
Thanked 615 Times in 130 Posts

Default Guns Excluded from Capital Gains??

My accountant said that guns are specifically excluded from being treated as capital gains. Was he correct?? He also said the same as Bill did in the previous post, in that, only the 'actual' cost of the item is deductable and that the burden of proving the cost basis was on me.

Last edited by Tom Kidd; 03-30-2013 at 11:47 AM.. Reason: Spelling as Usual
Tom Kidd is offline   Reply With Quote