Lets say, I sell a gun at a loss and get a 1099 from the buyer. Can I take the loss on my taxes? Does this mean I'd have to itemize my gun buying and selling on my 1040 to justify profit/loss? The documentation is going to be a nightmare.

I am not into double guns to make money. I don't mind a small hit to enjoy something and then move on to scratch a different itch. But to pay taxes on the sale amount when I lost money on a deal is a bit much.

I know the IRS hasn't written the rules yet. I hope the NRA jumps on this or someone runs against the ruling party candidates on this issue this fall.

Joe