Bridgette is known as the doll lady she started collecting

Reference no: EM13587961

Bridgette is known as the "doll lady". She started collecting dolls as a child, always received one or more dolls as gifts on her bithday, never sold any dolls, and eventually owend 600 dolls. she is retiring and moving to a small apartment and has decided to sell her collection. she lists the dolls on an Internet auction site and, to her great surprise, receives an offer from another doll collector of $45,000 for the entire collection. Bridgette sells the entire collection, except for five dolls that she purchased during the last year. she had owend all the dolls sold for more than a year. what tax factors should Bridgette consider in deciding how to report the sale?

Reference no: EM13587961

Questions Cloud

Starting with the michaelis-menten equation given on the : question starting with the michaelis-menten equation given on the first page answer the following questionsa write out

There is no such thing as a fixed cost all costs can be : there is no such thing as a fixed cost. all costs can be unfixed given sufficient time. do you agree? what is the

Tax practice and ethical guidelines-statute of limitations : tax practice and ethical guidelines-statute of limitations lo. 5 6in march 2012 jim asks you to prepare his federal

One of the key generally accepted accounting principles : one of the key generally accepted accounting principles gaap is the cost principle. the cost principle is the general

Bridgette is known as the doll lady she started collecting : bridgette is known as the doll lady. she started collecting dolls as a child always received one or more dolls as gifts

On october 1 paid off notes payable 110000 issued in 2010 : prepare journal entries for these1. on january 10 sold merchandise on account to rayms 9000 and fischer 8600. terms 210

The production superintendent was pleased when he saw this : landers company manufactures a number of products. the standards relating to one of these products are shown below

Discuss the differences between independence in fact and : discuss the differences between independence in fact and independence in appearance then give three examples of

Every time i open a new worksheet or a previously saved : is there a way to permanently change the page layout to fit to page on excel 2011 mac?recently switched fromm pc to

User Account

All Pages