Quote:
Originally Posted by Snowman
No, it's not a taxable event unless you sell it. At least not with respect to income tax. However, if you purchased items on ebay and had them shipped directly to your PWCC vault, which allowed you to avoid paying sales tax on those transactions since they are located in Oregon, then you will have to pay any applicable sales taxes that you previously avoided when they ship those cards back to you unless you have a resale certificate on file with PWCC.
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What if someone in CA wants to save 7.25-10.25% on sales tax. Can they drive up to Oregon, request their items from the Vault in person and commit tax evasion? There has to be something in place to prevent that from happening?
Also, I thought this was genius and timely marketing from the folks at Love of the Game! "When it's time to consign your valuable vintage cards and memorabilia, integrity should be at the top of your list of requirements."
It goes on to say "Your cards are important enough that they shouldn't be locked in a vault for future resale" Wow that's a burn for both PWCC and Goldin if I ever heard one.