I have always wondered if the IRS would ever look at the cards I have as "assets" and try to tax them as such? If I didn't word this appropriately please let me know. I understand all the cost, expenses, profit, net loss/gain aspects of this post. But what I am wondering is if the cards themselves, the ones I'm keeping for my own personal collection, would ever be considered assets and therefore taxable in any way?
Current needs: Kirby Puckett Relics, Game Used, Patches, Inserts, & Parallels. Also looking for BGS 9.5 Topps RCs from 1981-current.