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To: SeekAndFind
The cost basis is $-0-, and will stay that way with no tax consequences unless the athletes decide to sell them.

They need to tell the IRS to take a hike.

16 posted on 02/09/2014 11:52:57 AM PST by elkfersupper
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To: elkfersupper

I know Major League baseball scouts who have turned down the award of a World Championship ring, because they can’t pay the taxes on it from their salary.


35 posted on 02/09/2014 12:42:11 PM PST by shortstop (It's too bad that stupidity isn't painful)
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