Quote:
Originally Posted by Yoda
I believe your profit equation should be: Price sold - Price Paid + expenses = Profit. I certainly take expenses when I file my income taxes for Past Ball Vintage Cards.
|
John, I believe a seemingly small, but important, adjustment to your basic profit equation is needed, as follows: Price sold - (Price paid + expenses) = Profit.
__________________
Seeking very scarce/rare cards for my Sam Rice master collection, e.g., E210 York Caramel Type 2 (upgrade), 1931 W502, W504 (upgrade), W572 sepia, W573, 1922 Haffner's Bread, 1922 Keating Candy, 1922 Witmor Candy Type 2 (vertical back), 1926 Sports Co. of Am. with ad & blank backs. Also 1917 Merchants Bakery & Weil Baking cards of WaJo. Also E222 cards of Lipe, Revelle & Ryan.
|