I am not an accountant or tax expert. It looks to me after 1/1/12 if I see a nice doublegun for sale at a dealer say for $10,000 and I trade a gun I have had for years or a family gun and get $6000 in trade I will get a 1099 for $6000. So what is my cost basis for my trade? What if I don't have any receipts? What I spent money on some repairs or restoration? It seems suddenly I have a reportable capital gain I will taxed on. Since this law kicks in on 1/1/12 can one have an appraisal done establishing a cost basis prior to 1/1/12 for tax purposes? If this law goes through I see far fewer collectable guns showing up in dealers such Cabela's Gun Library due to the tax implications.