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Wife got an email from venmo about this crap and all she has been using the account for has been school fundraiser money being sent to her from friends and family.
Forty years ago I bought an airgun for $500. I can sell it for almost $1000 now. 1980s 500 adjusted is worth more than 1000 now. Do I profit if I sell it? I actually have the receipt for it but who would normally? If I don't have a receipt and sell it IRS will tax me according to my income for the year. And suffer a loss that can't be declared.
1 Samuel 8: 10-18 It's all right there in ink. He knew