Taxes and determining acquisition cost 1 1

[truefan77d]

Ok, I sold a slew of old books last year and need to figure the acquisition cost to determine my gain.  Problem is, many of the books were purchased 30+ years ago at book stores & trade shows and receipts have long since disappeared.  Worst case, I can just use the cover price, but as many books were published before I was born, that doesn't really make sense.

Curious if anyone else has been in the same situation and how they resolved it.  Thanks.

.

[Dr. Love]

buy the overstreet guide for 1990 on ebay for $5

[Dick Pontoon]

I'd recommend speaking to a tax professional, too.

Edited March 16, 2023 by Dick Pontoon