"The phone is a remarkably complex, simple device, and very rarely ever needs repairs, once you fix them." - Dan/Panther
Started by RDPipes, November 25, 2022, 03:08:18 PM
Quote from: RDPipes on November 26, 2022, 03:50:51 PMIf Uncle Sam wants to come after me he knows where I'm at.
Quote from: Doug Rose on November 26, 2022, 04:50:31 PMI stopped selling on eBay five years ago when Paypal sent 1099s to MA and two other states, including the Feds.
Quote from: RDPipes on November 26, 2022, 03:50:51 PMI keep NOTHING as records, the money I make either goes to cover what SS doesn't or back into phones to resale and maybe one ever so often for myself. If Uncle Sam wants to come after me he knows where I'm at.
Quote from: markosjal on November 27, 2022, 05:27:52 AMThis is my attitude as well Now being terminally ill and living off SSI and a couple years away from Social Security retirement. The SSI I get is not enough and My social security may even be LESS when I change to that! If they want to come after me doe even several thousands of dollars in sales annually, I DARE them . I need that money to live on because what get off of SSI disability alone would not sustain me . One person at one time actually had the nerve to ask how my expenses exceeded my income, DUH!
Quote from: tubaman on November 26, 2022, 10:28:15 AMThe issue with this comes when you are selling personal items that you no longer want, but I suppose if you can demonstrate that you sold them for less than you bought them for there shouldn't be an issue.
Quote from: countryman on November 27, 2022, 10:59:37 AMIn real life, often no valid records will be available to prove the purchase price. The question is, was it a personal item or an item you owned as marketable good?
Quote from: TelePlay on December 06, 2022, 09:01:16 PMOf course, losses can be be subtracted from profits to end up with a net profit (or loss) for tax reporting purposes starting with 2022 filings in 2023.
Quote from: RDPipes on November 25, 2022, 06:37:55 PMThey take a percentage of your sale and any listing fees, I think close to 10% nowadays.I always list in Collectables or Antiques and they never charge a listing fee for those categories.
Quote from: poplar1 on December 07, 2022, 12:00:52 AM12.9% of the item sold + 12.9% of the sales tax + 12.9% of the shipping + $0.30 = about 20% of what the item only sold for.