Turning the hobby into a part time job. - Net54baseball.com Forums

Welcome to Net54baseball.com. These forums are devoted to both Pre- and Post- war baseball cards and vintage memorabilia, as well as other sports. There is a separate section for Buying, Selling and Trading - the B/S/T area!! If you write anything concerning a person or company your full name needs to be in your post or obtainable from it. . Contact the moderator at leon@net54baseball.com should you have any questions or concerns. When you click on links to eBay on this site and make a purchase, this can result in this site earning a commission. Affiliate programs and affiliations include, but are not limited to, the eBay Partner Network. Enjoy!

#13

09-03-2014, 06:34 PM

buymycards buymycards is offline

Rick McQuillan

Member

Join Date: May 2009

Location: Wisconsin

Posts: 3,178

use tax

Quote:

Originally Posted by savedfrommyspokes

With my buying of inventory, my accountant indicated that based on my state's tax laws that I would not be required to pay a use tax on items purchased from out of state with the intent of reselling. This would be the same as me buying product with the intent of reselling within my state and providing my tax exempt ID # to the seller so that the transaction will be exempt of any state sales tax.

Is it possible that different states have different laws regarding their use taxes for out of state purchases intended for resale?

You are correct. The use tax isn't for resale items. Thanks for catching that.

__________________
Rick McQuillan

T213-2 139 down 46 to go.

« Previous Thread | Next Thread »

Thread Tools
Show Printable Version Email this Page
Display Modes
Switch to Linear Mode Switch to Hybrid Mode Threaded Mode

Posting Rules
You may not post new threads You may not post replies You may not post attachments You may not edit your posts BB code is On Smilies are On [IMG] code is On HTML code is On Forum Rules

Forum Jump

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
It's turning into a cottage industry.....	Brian Van Horn	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	11	02-26-2014 11:47 AM
Coach's turning over a new leaf?	GrayGhost	Autograph Forum- Primarily Sports	20	09-18-2013 08:43 PM
Anyone looking to turn their hobby into a job? Part time or full time	kengoldin	Net54baseball Sports (Primarily) Vintage Memorabilia Forum incl. Game Used	5	11-04-2012 07:43 PM
Baseball & Hobby Publications for sale.....part 1	autograf	Baseball Memorabilia B/S/T	1	05-15-2011 11:04 PM
To you; what is the most enjoyable part of the hobby	Rich Klein	Net54baseball Vintage (WWII & Older) Baseball Cards & New Member Introductions	46	12-31-2009 01:57 PM

All times are GMT -6. The time now is 12:55 AM.