 |
|
||||||
 |
|
|||||
 |
 |
 |
 |
 |
 |
 |
 |
|
|
||||||
|
|
|||||
|
|
|
|
|
|
|
|
|
#2
03-23-2021, 10:44 AM
|
||||
|
||||
Speaking as "Not an accountant"..........you should probably talk to an accountant.
But..........If you plan on doing it long term, and showing a profit from year to year, it would probably benefit you to run it as a business, rather then a hobby. It will open you up to more write-offs against your gains. Biggest question is, do you want to do all the extra paperwork and record-keeping that comes with that? Is that worth the hassle, rather then just boxing up all your stuff, sending it to an auction house, and paying the capital gains tax on top what you claim to have originally have paid for your collection. 
|
|
|
Similar Threads
|
||||
| Thread | Thread Starter | Forum | Replies | Last Post |
| 30% off for Father's Day! Ebay store back open for business! | Aquarian Sports Cards | Ebay, Auction and other Venues Announcement- B/S/T | 1 | 06-17-2018 07:27 AM |
| 100 EBAY AUctions all starting at 99 cents | luxurywines | Ebay, Auction and other Venues Announcement- B/S/T | 1 | 04-30-2013 07:18 AM |
| Starting tonight on ebay! | Golfcollector | Hockey, Olympic, Auto Racing And All Other Cards | 2 | 07-11-2011 05:30 PM |
| Ebay Starting Price | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 2 | 04-23-2009 07:26 PM |
| Strange Ebay Business Model | Archive | Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions | 34 | 07-21-2008 10:26 AM |
Threaded Mode