What to do with findings?

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05-23-2013, 05:08 AM
Post: #1
What to do with findings?
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Hi,

What do you Guys do with your findings? Do you document or catalog them? And what do you do if you are not sure how much it is worth or how old it is?

dtommy79, proud to be a member of Treasure Classifieds Forum since May 2013.
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06-04-2013, 09:08 AM
Post: #2
RE: What to do with findings?
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My clad coins go towards other detecting gear . The valuables are hoarded . I do not document my stuff but do like to keep track of my silver coin numbers from start to end of the year . If your unsure of what or how old your find is you can post up your find and ask on here or any of the many other forums on the net .

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06-06-2013, 01:18 PM
Post: #3
RE: What to do with findings?
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So I may be asking a question with an obvious answer, but how do you guys go about reporting findings on your taxes? Do they offer any kind of deductions or write offs for this kind of thing?

The obvious answer is "we don't report anything," but I'm just poking for a different answer Shy

Cutler4Life, proud to be a member of Treasure Classifieds Forum since Jun 2013.
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06-06-2013, 06:40 PM
Post: #4
RE: What to do with findings?
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Ok so you find a one hundred dollar bill in the gutter of the street . Would you pay taxes on that ? This is not a job it's a hobby !
HH
Mike


(06-06-2013 01:18 PM)Cutler4Life Wrote:  So I may be asking a question with an obvious answer, but how do you guys go about reporting findings on your taxes? Do they offer any kind of deductions or write offs for this kind of thing?

The obvious answer is "we don't report anything," but I'm just poking for a different answer :shy:

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06-06-2013, 07:15 PM
Post: #5
RE: What to do with findings?
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(06-06-2013 06:40 PM)ratman Wrote:  Ok so you find a one hundred dollar bill in the gutter of the street . Would you pay taxes on that ? This is not a job it's a hobby !
HH
Mike


(06-06-2013 01:18 PM)Cutler4Life Wrote:  So I may be asking a question with an obvious answer, but how do you guys go about reporting findings on your taxes? Do they offer any kind of deductions or write offs for this kind of thing?

The obvious answer is "we don't report anything," but I'm just poking for a different answer Shy

LMAO, Mike. BTW, after you finish paying taxes on that hundred, I suggest you take all of your finds over to the antiquities board in England & offer to do a split with them :P

Cutler, you're a greenhorn, I know, but, you DID deserve a tongue lashing on that one :P

NjNyDigger, proud to be a member of Treasure Classifieds Forum since 2013.

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06-07-2013, 12:39 AM
Post: #6
RE: What to do with findings?
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You work for the IRS Cutler?? Been watching the news lately? I only pay what I'm obligated too to those lying , cheating bastards..not gonna give them one corroded zinc extra for the government to waste.Ray

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06-07-2013, 02:29 PM
Post: #7
RE: What to do with findings?
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(06-07-2013 12:39 AM)deathray Wrote:  You work for the IRS Cutler?? Been watching the news lately? I only pay what I'm obligated too to those lying , cheating bastards..not gonna give them one corroded zinc extra for the government to waste.Ray

Certainly not, I would never do that Angry

I have had a family member who was audited once though, complete nightmare.. Just terrible. I would never want someone to go through that, especially if they aren't an expert. Cause its all so damn complicated lol

Cutler4Life, proud to be a member of Treasure Classifieds Forum since Jun 2013.
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