Posted By:
Lee BehrensI have inquired with my accountant about the taxes part of the selling cards. He told me that there really is no worry because of the amount of dollars I am dealing with is insignificant in the eyes of the IRS. I think that is the case for most of us. Now if you choice to report a sale you might as well the purchase price so you are not paying 100% to the IRS.
It's everyones choice but I don't buy into the ones reasons why they are not posted, so auction houses should not post there final sale prices. Heck if you are worried about taxes or someone finding out you are selling cards why use the B/S/T and why not totally delete the info when done?
Just my thoughts,
Lee