Do taxes apply? You bet, the IRS gets a piece of just about everything. Some people say that tax is due when you catch it. But it’s certainly taxable when you sell it for cash. after turning down $3M, the auction price was half that.
the ball was worth at least $2 million.
Tax people have different views about taxing baseballs, but some people say that tax is due when you catch it. But it’s certainly taxable when you sell it for cash. after turning down $3M, the auction price was half that. Most people understand that selling for cash triggers tax, but having tax to pay when you catch a ball or find something seems harsh.
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