Google Groups no longer supports new Usenet posts or subscriptions. Historical content remains viewable.
Dismiss

Will all ebay sales be taxes in future?

1 view
Skip to first unread message

Florence

unread,
May 21, 2010, 6:08:45 PM5/21/10
to
http://money.cnn.com/2010/05/21/smallbusiness/1099_deluge/index.htm?source=cnn_bin&hpt=Sbin

Even if you are not a "business" will the coin collector be caught in
this and why would be collect and sell if this is what you get.

Just wondering ...

Tea Party Coin Collector liberterian ~ not illegally in USA

j-rod

unread,
May 21, 2010, 7:44:56 PM5/21/10
to

Even as a collector you have to pay taxes on any profit realized.

JAM

Florence

unread,
May 21, 2010, 8:48:15 PM5/21/10
to
ok I presume you are joking as obviously NO collector has ever paid
taxes on a few dollar profit on a coin. Be realistic.

Flo

On May 21, 6:44 pm, j-rod <j-...@nospam.net> wrote:
> Florence wrote:
>
> >http://money.cnn.com/2010/05/21/smallbusiness/1099_deluge/index.htm?s...

Bruce Remick

unread,
May 21, 2010, 10:53:08 PM5/21/10
to

"Florence" <noelconn...@gmail.com> wrote in message
news:4f82c110-1bd2-4902...@a20g2000vbc.googlegroups.com...

ok I presume you are joking as obviously NO collector has ever paid
taxes on a few dollar profit on a coin. Be realistic.

So are you implying then that you don't or wouldn't pay taxes on your
profits from coin sales? Then you also must presume that NO IRS agent
could possibly be concerned with that.


Relayer

unread,
May 22, 2010, 5:56:59 AM5/22/10
to
On May 21, 6:44�pm, j-rod <j-...@nospam.net> wrote:
> Florence wrote:
>
> >http://money.cnn.com/2010/05/21/smallbusiness/1099_deluge/index.htm?s...
>
> > Even if you are not a "business" will the coin collector be caught in
> > this and why would be collect and sell if this is what you get.
>
> > Just wondering ...
>
> > Tea Party Coin Collector liberterian ~ not illegally in USA
>
> Even as a collector you have to pay taxes on any profit realized.
>
> JAM

You have to pay taxes if you have conducted X number of transactions,
and the only on the profit realized. It's always been like that but
it's up to you to report the income. I'd venture to say most regular
collectors have realized a minimal profit and wouldn't fall under
guidelines and have, in fact, most have probably lost money if they
have made most purchases on Ebay or a dealer. For something like coin
collecting, I think it would be nearly impossible. I didn't read the
article but my guess is they are after more of what would be a classic
"Ebay" store that sells anything under the roof.

oly

unread,
May 22, 2010, 7:45:37 AM5/22/10
to
On May 21, 9:53 pm, "Bruce Remick" <rem...@cox.net> wrote:
> "Florence" <noelconnolly2...@gmail.com> wrote in message

Mr. Remick, can you say "agent provocateur"?

oly

Bruce Remick

unread,
May 22, 2010, 9:12:04 AM5/22/10
to

"oly" <oly...@aol.com> wrote in message
news:ea72e92a-28ec-466b...@u7g2000vbq.googlegroups.com...

Yes. Now what?


Wm Hopkins

unread,
May 22, 2010, 7:03:55 PM5/22/10
to

"oly" <oly...@aol.com> wrote in message
news:ea72e92a-28ec-466b...@u7g2000vbq.googlegroups.com...

oly

That was one of Foreignor's better albums. Time to go diggin'...

EricBabula

unread,
May 24, 2010, 8:28:42 AM5/24/10
to
On May 22, 6:03 pm, "Wm Hopkins" <whopkins65 at mchsi.com> wrote:
> "oly" <oly2...@aol.com> wrote in message

> Mr. Remick, can you say "agent provocateur"?
>
> oly
>
> That was one of Foreignor's better albums. Time to go diggin'...

Also a British lingerie store. Your turn to go diggin!! More
fun!!! ;)

0 new messages