Does anyone out there actually know,,,
- coaledsweat
- Site Moderator
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- Location: Guilford, Connecticut
- Stoker Coal Boiler: Axeman Anderson 260M
- Coal Size/Type: Pea
Yes, they follow the capital gains short and long term rules, depending on how long you held them.
- WNY
- Member
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- Location: Cuba, NY
- Hot Air Coal Stoker Stove: Keystoker 90K, Leisure Line Hyfire I
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Depending on who you bought it thru, they probably file the proper forms for gains/losses to the IRS. You end up claiming it on your taxes as income or profit.