Here's the problem

Posted by vinyl phanatic (A) on July 10, 2017 at 13:43:15

In Reply to: friend needs eBay seller recommendation for NYC posted by learsfool on July 10, 2017 at 06:32:12:

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:

Follow Ups Full Thread

Topic - friend needs eBay seller recommendation for NYC - learsfool 06:32:12 07/10/17 (10)

RE: friend needs eBay seller recommendation for NYC - Andy43 09:11:38 07/12/17 (0)

Discogs is an alternative... - fishy 14:17:33 07/10/17 (0)

Here's the problem - vinyl phanatic 13:43:15 07/10/17 (5)

Are you sure about tax treatment ? - Ross 19:42:58 07/10/17 (4)

RE: Are you sure about tax treatment ? - vinyl1 20:04:47 07/10/17 (3)

RE: Are you sure about tax treatment ? - mr.bear 01:17:32 07/11/17 (2)

RE: Are you sure about tax treatment ? - dave slagle 05:26:21 07/11/17 (1)

Re: Thanks! nt - mr.bear 11:58:47 07/15/17 (0)

RE: friend needs eBay seller recommendation for NYC - mr.bear 10:18:48 07/10/17 (0)

RE: friend needs eBay seller recommendation for NYC - MannyE 06:35:53 07/10/17 (0)

Follow Ups

Here's the problem - vinyl phanatic 13:43:15 07/10/17 (5)

Are you sure about tax treatment ? - Ross 19:42:58 07/10/17 (4)

RE: Are you sure about tax treatment ? - vinyl1 20:04:47 07/10/17 (3)

RE: Are you sure about tax treatment ? - mr.bear 01:17:32 07/11/17 (2)

RE: Are you sure about tax treatment ? - dave slagle 05:26:21 07/11/17 (1)

Re: Thanks! nt - mr.bear 11:58:47 07/15/17 (0)

Here's the problem

Post a Message!