I don't get this re: Bonds 756 ball

[Seacrest]

[quote $tevie]It seems to be more of a rumor than a hard fact:
http://sfgate.com/cgi-bin/article.cgi?f=...SRMMGJ.DTL
Well, that's why we're arguing about it. ;-)
Baseball. Just like life.

"The IRS does not comment about an individual taxpayer's situation, and we don't speculate on a hypothetical," Jesse Weller said.

There doesn't appear to be a precedent for the situation, and a pair of Bay Area tax experts disagreed on whether Murphy has cause for concern.

Eric Rakowski, a law professor at UC Berkeley's Boalt Hall, said the ball could be viewed as a windfall that is part of Murphy's income.

"That might be the right view," Rakowski said. "Nobody knows whether it's the right view because the IRS refuses to say."

Stanford law Professor Joseph Bankman called the prospect of Murphy being taxed before sale "almost an urban legend."

"When an ordinary person," he said, "finds something that is valuable but not very liquid, and is hard to get the exact value of, we don't tax that person until sale."