Is buying vintage cards on Ebay subject to SALES TAX????

dstudeba · #1 03-25-2015, 10:16 PM

If the seller does not collect taxes then it falls under the "use tax" regulations for your state. Use tax is declared on your income taxes.

bobbyw8469 · #2 03-25-2015, 10:17 PM

But Im not buying them for personal use. I am buying them to resale.

dstudeba · #3 03-25-2015, 10:29 PM

Quote:

Originally Posted by bobbyw8469

But Im not buying them for personal use. I am buying them to resale.

Then as Jay previously mentioned you will need a reseller's certificate. You will then give a signed document with this number to the seller and the seller will not collect sales tax. You will pay taxes when you sell the card in the course of doing business. You will also need other business licenses based on the laws in your state.

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