Discussion Forum: Messages by Bitay15 (1129)
Redisplay Messages: Compact | Brief | All | Full      Show Messages: All | Without Replies

 Author: Bitay15 View Messages Posted By Bitay15
 Posted: Sep 28, 2023 15:05
 Subject: Re: 71039 series 2 Marvel minifigures
 Viewed: 33 times
 Topic: General
View Message
View
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Bitay15 (1129)

Location:  USA, Florida
Member Since Contact Type Status
Mar 11, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: ABrickByYou
In General, Stuart9 writes:
  Just found them in a supermarket, not seen them until now, don’t know why.

These are going to be a real problem in supermarket stores.

They seem to be in an outer display box like bagged minifigures with partitions
behind the first batch etc.

Nearly every minifigure box in the front section had been opened, some parts
spilling out, had to check quite a few before I found a sealed one.

I read replies from Lego on their website and they are determined to keep the
boxes as a way to reduce a carbon footprint. It seems ironic to me because they
deal in PLASTIC toys. And they have been spending billions on new facilities
around the world. This is one set of minifigs I will do without.
 Author: Bitay15 View Messages Posted By Bitay15
 Posted: Jan 21, 2022 13:41
 Subject: Re: New IRS Reporting Req's for 2022
 Viewed: 71 times
 Topic: Selling
View Message
View
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Bitay15 (1129)

Location:  USA, Florida
Member Since Contact Type Status
Mar 11, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: ABrickByYou
In Selling, peregrinator writes:
  In Selling, Teup writes:
  If it really works like that, that would be very strange indeed. I know that
the Dutch tax agency only counts profit as income in that situation. I know there
are vastly different rules in different countries but you would think that it's
universal maths that private possessions (all taxes paid) being turned back into
money doesn't count as "income"...

If you sell something you own for less than you paid for it, you don't have
to pay taxes on it, if you sell it for more than you paid for it, you have to
pay taxes on the difference as capital gains:

https://www.1040.com/blog/2019/7/12/selling-stuff-online-taxes-for-etsy-ebay-letgo-and-more

I'd strongly advise hobby sellers in the USA to consult an accountant. I
don't think you would pay income tax on the whole $2,000 for an item you
originally bought for $1,500.

Here is the wording of the new law on the IRS website; "Separate reporting of
these transactions is not required. However, you should follow the return instructions
on the form you are completing to report your gross receipts or sales. You should
report items that qualify as a trade or business expense on the appropriate line
item of Schedules C, E and F." Since most of us are not businesses we will not
get to use the forms for expenses, hence we will have to report the gross amount
as income.
 Author: Bitay15 View Messages Posted By Bitay15
 Posted: Jan 18, 2022 18:48
 Subject: Re: New IRS Reporting Req's for 2022
 Viewed: 103 times
 Topic: Selling
View Message
View
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Bitay15 (1129)

Location:  USA, Florida
Member Since Contact Type Status
Mar 11, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: ABrickByYou
In Selling, ZSchoonover writes:
  All,

In the event you haven't seen it, the IRS is requiring payment platforms
to issue 1099-K's to individuals who gross $600 or more per year, starting
this year... The previous threshold was $20,000 with at least 200 transactions.

https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-Answered

It is incredibly unfair. If you buy something at a cost of $1500 and sell it
for $2000, your gain in income is $500. That should be what is reported and taxed.
But that is not how this works. You will show $2000 gain in income and have to
pay taxes on all above the $600 threshold. Only businesses can write off expenses,
we cannot. It may be time to go back to craigslist and sell for cash.
 Author: Bitay15 View Messages Posted By Bitay15
 Posted: Jan 12, 2022 13:58
 Subject: Too much fragrance on the Legos
 Viewed: 182 times
 Topic: Suggestions
 Status:Open
 Vote:[Yes|No]
View Message
View
Cancel Message
Cancel
Reply to Message
Reply
BrickLink
ID Card

Bitay15 (1129)

Location:  USA, Florida
Member Since Contact Type Status
Mar 11, 2016 Contact Member Seller
Buying Privileges - OKSelling Privileges - OK
Store Closed Store: ABrickByYou
I don't know when it started or why but I keep receiving new Lego parts that
smell strongly of perfume or scented detergent. Why? I have to air them out
for several days before I can use them. I cannot reuse any of the plastic bags
or envelopes so they are thrown out without repurposing them. If you are a seller
who keeps your Legos in areas where they can pick up offensive odors, or worse
wash them in scented soap, please list it in your terms. As soon as someone says
they wash the Legos, I look elsewhere. So give the buyers a heads up.