Card Interest Down? Not at the National.

[ValKehl]

Originally Posted by HOF_Forever

I've often wondered how many dealers accurately track things like COGS, net sales, expenses, and inventory to get a truly accurate financial picture. Anecdotally I'd guess the number is pretty low but I've never been on that side of the table.

Greg, those dealers who actually report their sales activity for income tax purposes do this when they prepare (or have their tax accountants prepare) their Schedule Cs to their Form 1040s.

[HOF_Forever]

Originally Posted by ValKehl

Greg, those dealers who actually report their sales activity for income tax purposes do this when they prepare (or have their tax accountants prepare) their Schedule Cs to their Form 1040s.

Yep, I understand the tax situation. I just wonder how many people there are who's accuracy would withstand an audit . It was clear when walking the show who would stop after a transaction and take notes on paper or digitally and who moved from transaction to transaction way too fast to record anything.

This was more of a random musing than anything and is OT to this thread so I won't bog the thread down with it moving forward.