08-22-2007, 08:26 PM
[quote billb]
Thousands of sports writers speculated the value of that ball long before it was caught.
But they were speculating on the value of the ball if it were to be SOLD.
If he doesn't sell the ball EVER, it's not worth more than the COMPARABLE RETAIL PRICE until he does.
This is my opinion (and seems to me to make real economic sense), of course, and the IRS apparently sees things differently, which is why they are the IRS and I am not.
Thousands of sports writers speculated the value of that ball long before it was caught.
But they were speculating on the value of the ball if it were to be SOLD.
If he doesn't sell the ball EVER, it's not worth more than the COMPARABLE RETAIL PRICE until he does.
This is my opinion (and seems to me to make real economic sense), of course, and the IRS apparently sees things differently, which is why they are the IRS and I am not.