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tax question for diamond sale

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aroser

Rough_Rock
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Mar 31, 2008
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I recently sold a diamond and now my accountant is trying to figure out how it fits into my tax return; basically what was the stone worth 10 years ago vs what I sold it for. How would I go about doing that? It is a round brilliant, 5.35 carat, color K, clarity VS2, cut is very good.
 
Your basis is what you paid for the stone. Do you have paperwork to prove it?
 
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