Quote:
Originally Posted by Runscott
Thanks for the tips, Adam  |
. . . operating an "on-line" business for afew years, inwhich some expendable items are sold, while preserving one's primary collection/inventory with unrealistic BIN prices) might see like a plausible strategy for preparing for future liquidation of one's collection (via 3rd party auction) inorder to avoid the higher 28% tax treatment from sales of "collectibles". I'm just not sure what the IRS would deem an acceptable level of annual sales, to justy calling something a "business".
I realize this is not likely what's happening with the number of eBay dealers with unrealistic BIN prices, but the above thought/strategy has crossed my mind when I have contemplated the possibility of selling my collection in 5, 10, maybe 15 years from now.