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June 4, 2019
Question

Sale of investment-grade US American Currency at a loss to offset capital gains from the sale of common stock. Can I deduct this loss and if so, how much?

  • June 4, 2019
  • 2 replies
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2 replies

Employee
June 4, 2019
What do you mean by "investment-grade US American Currency"?  Are you talking about US coins or paper money that has value to a numismatist?  
June 4, 2019

my thoughts.  if you are engaged in a business of buying and selling currency, the loss would go on schedule C.  if it's a hobby, the loss is probably not deductible.  

you paid for live support, why not use it.