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RascalRibs t1_j25pn7j wrote

Those sales were all profit for you. You had no cost basis.

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freddie_the_mercury t1_j25qs0i wrote

I disagree. when the laptop was gifted it had value. I believe when an item is gifted you inherit the giver's cost basis. I would use the $1000 as the cost basis.

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beckagrosst OP t1_j25r6ow wrote

This is what I've heard too, but am unsure how to verify this.

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