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04-08-2010, 06:57 AM
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#5 |
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Lifer
Lifetime Forum Patron Join Date: Aug 2002
Location: Kentucky
Posts: 1,108
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The tax is not deductible per se. It would be added to the basis of the weapon so as to deteremine gain or loss on the sale of the weapon. (If you sell it and make a profit, the government expects its share.)
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charlie |
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