From: joetaxpayer 
Newsgroups: misc.invest.financial-plan
Subject: Re: Tax on Bond's record homerun ball.
Date: Wed, 22 Aug 2007 18:22:35 -0500
	iQBVAwUARszFO/l/I4+O31e5AQHsSQH+Piw53Dorm2ZUXyDQtS1KjmyA6adR/Sx6
	Alc2hylsTtd/EUzsxAoQaJFmtgR79B2Apk63Qgyx/m/IzLoOXyzxpQ==
	=rOu6
Bytes: 2867



PeterL wrote:
> Just read that the guy who got it is selling the ball.  According to
> the news article:
> 
> "The 21-year-old New York man said Tuesday he had no choice but to
> sell the ball - several people told him he would be taxed on the
> souvenir just for holding on to it."
> 
> Is this true?  What would be the basis of the tax?

I recommend you see misc.taxes.moderated for a discussion that's been 
ongoing. FWIW, the IRS hasn't commented that I can find.
JOE