Home
AudioAsylum Trader
Vinyl Asylum

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

For Sale Ads

FAQ / News / Events

 

Use this form to submit comments directly to the Asylum moderators for this forum. We're particularly interested in truly outstanding posts that might be added to our FAQs.

You may also use this form to provide feedback or to call attention to messages that may be in violation of our content rules.

You must login to use this feature.

Inmate Login


Login to access features only available to registered Asylum Inmates.
    By default, logging in will set a session cookie that disappears when you close your browser. Clicking on the 'Remember my Moniker & Password' below will cause a permanent 'Login Cookie' to be set.

Moniker/Username:

The Name that you picked or by default, your email.
Forgot Moniker?

 
 

Examples "Rapper", "Bob W", "joe@aol.com".

Password:    

Forgot Password?

 Remember my Moniker & Password ( What's this?)

If you don't have an Asylum Account, you can create one by clicking Here.

Our privacy policy can be reviewed by clicking Here.

Inmate Comments

From:  
Your Email:  
Subject:  

Message Comments

   

Original Message

Here's the problem

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

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.