Not a tax accountant but I would suspect if you keep good records and can show what you initially paid including taxes then you would just that initial amt from the current selling price and owe the IRS only based on the difference. Still don't agree with this but this would make your tax liability a lot less. Hopefully a tax accountant will chime in.
Selling on Audiogon
It appears that it has become more difficult for individuals to sell equipment on Audiogon. com. Has anyone else had that experience. PayPal requires you to set up a business and the other available option also appears difficult. Am I alone in such an experience? Any other alternative that can be suggested?