KFDM COOP Posted August 9, 2007 Report Posted August 9, 2007 http://sports.yahoo.com/mlb/news?slug=ap-bonds-ball&prov=ap&type=lgns
Ruckdad Posted August 9, 2007 Report Posted August 9, 2007 Now I'm not a tax lawyer, but I don't see how the IRS could even place a value on the ball until he has actually sold it. The ball is only worth what a willing buyer and willing seller agree that it is worth. I have no problem with the IRS taxing him after the sale, or even on the fair market value of the ball after he caught it - Like $8.99 or whatever a ball costs these days. Until we know what the fair market calue of the ball is there is no basis in the ball.
Guest bigcat Posted August 11, 2007 Report Posted August 11, 2007 Poor guy. Well he could always through it back. ;D ;D
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