Home Vinyl Asylum

Welcome Licorice Pizza (LP) lovers! Setup guides and Vinyl FAQ.

Here's the problem

If your friend sells the records himself, he is selling his personal possessions, and there is no tax hit. If he gives them to someone else to sell on consignment, whatever they sell for becomes taxable income to the seller. When you crunch the numbers and consider all the work that it takes, it's easy to see why dealers will not usually agree to sell on consignment, unless the records are extraordinarily valuable.


This post is made possible by the generous support of people like you and our sponsors:
  Parts Connexion  


Follow Ups Full Thread
Follow Ups

FAQ

Post a Message!

Forgot Password?
Moniker (Username):
Password (Optional):
  Remember my Moniker & Password  (What's this?)    Eat Me
E-Mail (Optional):
Subject:
Message:   (Posts are subject to Content Rules)
Optional Link URL:
Optional Link Title:
Optional Image URL:
Upload Image:
E-mail Replies:  Automagically notify you when someone responds.