Re: Why is catching a baseball taxable income?

Aug 24, 2007 1 Replies


How can the ball club say that when he caught the ball it


> was only the $5 ball that we are letting him keep, and the
> IRS says he caught a $500,000 ball?

And if he did decide to keep the ball and pay the tax, how would the TRUE fair market value be determined in order to determine the amount of tax... Wouldn't the ball actually have to be sold to determine the true fair marklet. Mark



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No, that's what appraisers are for.

Stu

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