Crypto in Ahs?

[parkplace33]

With the decrease in cryptocurrency values, are any auction house still accepting them as payment?

[bbcard1]

If they believe in the fundamentals, they should be overjoyed. I do not believe in the fundamentals.

[x2drich2000]

This may be stupid question, but can't they just convert it to cash at market price the second they receive it? If so, what's their risk?

[swarmee]

Originally Posted by x2drich2000

This may be stupid question, but can't they just convert it to cash at market price the second they receive it? If so, what's their risk?

Yes, they can sell for cash as soon as they choose to. Or they can hold it as an asset. Minimal transfer fees, unless etherium gas fees are exorbitant when they try.

[Lorewalker]

Originally Posted by parkplace33

With the decrease in cryptocurrency values, are any auction house still accepting them as payment?

I was not aware any of them were accepting crypto. If any of them were I would figure it would be Heritage since they are in the NFT space and their terms do not show they take crypto.

[swarmee]

Originally Posted by Lorewalker

I was not aware any of them were accepting crypto.

Goldin Auctions & Gemini Introduce Crypto to Booming Sports Collectibles Market

[sycks22]

Forget crypto, how about all AH's accepting paypal, credit cards or zelle. Welcome to the 21st century where nobody uses checks anymore. Over 50% of AH's are great, but a lot still need to start accepting different forms of payment.

[Aquarian Sports Cards]

Originally Posted by sycks22

Forget crypto, how about all AH's accepting paypal, credit cards or zelle. Welcome to the 21st century where nobody uses checks anymore. Over 50% of AH's are great, but a lot still need to start accepting different forms of payment.

The reason PP, CC and Zelle aren't accepted isn't technology based it's Chargeback based.

[Lorewalker]

Originally Posted by swarmee

Goldin Auctions & Gemini Introduce Crypto to Booming Sports Collectibles Market

Thanks. Stopped looking at Goldin once they launched the new site.

[brianp-beme]

Try dislodging Crypto from your AH...a proctologist's nightmare!

Brian (a mind is a terrible thing to waste)

[BobC]

Originally Posted by sycks22

Forget crypto, how about all AH's accepting paypal, credit cards or zelle. Welcome to the 21st century where nobody uses checks anymore. Over 50% of AH's are great, but a lot still need to start accepting different forms of payment.

You are aware of the new 1099-K reporting threshold starting in 2022 is now $600, right? That reporting requirement is on third-party payment platforms like Paypal, Zelle, Venmo, etc. So if AHs start accepting such payment services, they are going to get hit with 1099s going to them. And since the bulk of that money they will be receiving 1099s for actually belongs to their consignors, to properly get that reported sales income off their taxes returns they're going to have to start giving 1099s to their consignors. That will be a big hit, won't it? Can you imagine being the first AH to start reporting their consignor's sales to the IRS, and what that could do to their future consignments? Especially if other AHs don't follow suit. They won't have to worry about their customers complaining that they can't easily pay with Paypal, Zelle, Venmo, and so on. Their customers will end up bidding with other AHs because the consignments will start going elsewhere.

[prestigecollectibles]

I accept Zelle and so does REA and Lelands. You can't do a chargeback.

Originally Posted by Aquarian Sports Cards

The reason PP, CC and Zelle aren't accepted isn't technology based it's Chargeback based.

[Aquarian Sports Cards]

Originally Posted by BobC

You are aware of the new 1099-K reporting threshold starting in 2022 is now $600, right? That reporting requirement is on third-party payment platforms like Paypal, Zelle, Venmo, etc. So if AHs start accepting such payment services, they are going to get hit with 1099s going to them. And since the bulk of that money they will be receiving 1099s for actually belongs to their consignors, to properly get that reported sales income off their taxes returns they're going to have to start giving 1099s to their consignors. That will be a big hit, won't it? Can you imagine being the first AH to start reporting their consignor's sales to the IRS, and what that could do to their future consignments? Especially if other AHs don't follow suit. They won't have to worry about their customers complaining that they can't easily pay with Paypal, Zelle, Venmo, and so on. Their customers will end up bidding with other AHs because the consignments will start going elsewhere.

This seems like a misunderstanding of the statutes, at least according to the PAA. Me taking Paypal has nothing to do with my consignors. If I paid THEM in paypal that would be a completely different issue. The IRS has assured the Pennsylvania Auctioneers Association that as long as an auctioneer is not a payment processor (and no writing checks to a consignor does not make one a payment processor) they are not covered by the new guidelines. We have been told that basically auction status has not changed. That being said, consignors, pay your taxes!!!

[Lorewalker]

Originally Posted by Aquarian Sports Cards

This seems like a misunderstanding of the statutes, at least according to the PAA. Me taking Paypal has nothing to do with my consignors. If I paid THEM in paypal that would be a completely different issue. The IRS has assured the Pennsylvania Auctioneers Association that as long as an auctioneer is not a payment processor (and no writing checks to a consignor does not make one a payment processor) they are not covered by the new guidelines. We have been told that basically auction status has not changed. That being said, consignors, pay your taxes!!!

Exactly, Scott. If you report your sales then who cares if ya get a 1099 or not.

It is a bit annoying but I know a few guys who are "collectors" who sell on eBay and do deals outside of the site and are taking in hundreds of grand a year with gift payments, which are not reported. They do not report the sales or pay the resulting income tax.

[BobC]

Originally Posted by prestigecollectibles

I accept Zelle and so does REA and Lelands. You can't do a chargeback.

Robert,

So what is your outfit going to do when you get the 1099-K from Zelle? Do they break down the reported total Zelle sales and end up sending out 1099s reporting respective sales to each consignor (and the IRS) for the consignor's actual share of auction proceeds they receive? Or does your outfit not get that much in the way of Zelle payments (yet) so the 1099 sales amount reported to your company by Zelle ends up being less than the actual amount of commissions/fees they actually earned for the year, so the just report their actual commission/fees income and as long as it ends up being greater than what's on Zelle's 1099-K to them for that same year, they don't do or report anything else to any consignors or the IRS?

[prestigecollectibles]

I don't get that many sales with Zelle, but according to their website they don't issue a 1099 or report anything. It is like sending a wire transfer, but with some limitations and no fees.

https://www.zellepay.com/faq/does-ze...than%20%24600.

Does Zelle® report how much money I receive to the IRS?

Zelle® does not report transactions made on the Zelle Network® to the IRS. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle Network®.

Originally Posted by BobC

Robert,

So what is your outfit going to do when you get the 1099-K from Zelle? Do they break down the reported total Zelle sales and end up sending out 1099s reporting respective sales to each consignor (and the IRS) for the consignor's actual share of auction proceeds they receive? Or does your outfit not get that much in the way of Zelle payments (yet) so the 1099 sales amount reported to your company by Zelle ends up being less than the actual amount of commissions/fees they actually earned for the year, so the just report their actual commission/fees income and as long as it ends up being greater than what's on Zelle's 1099-K to them for that same year, they don't do or report anything else to any consignors or the IRS?

[oldjudge]

If an auction house takes bitcoin and such I assume they convert it as soon as they can. They are in the business of providing a platform for sales, not in speculating in cryptocurrency.

[CJinPA]

Originally Posted by oldjudge

If an auction house takes bitcoin and such I assume they convert it as soon as they can. They are in the business of providing a platform for sales, not in speculating in cryptocurrency.

True - most likely converting pretty soon after accumulation. That said, I'd be really surprised if AH's took anything other than BTC or ETH.

And not to get off topic too much, but crypto as a technology is NOT speculative. Some elements certainly are but Bitcoin, Ethereum and some are NOT! Think 1998 - 2002 and the entire dotcom bubble..... boy did Amazon boom and bust.... Bitcoin is better, the entire crypto ecosystem is more important that the internet of the 90's.... we are in early times.

I'll be selling some of my vintage collection and unopened wax here in the coming weeks - these are historic times!

[Jobu]

Given how quickly the price of crypto fluctuates, I am surprised that an AH would risk it.

AH: Sends invoice on Friday.
Customer: Pays on Sunday using crypto.
Monday: AH shows up to work, the coin is down 11% from the day before.

So the AH just takes the loss? It seems like it would be a challenge to always be able to immediately convert a crypto payment, but I am not experienced in the ways of crypto and maybe the AHs that take it have a 24-hour alert set up so they never miss it the second one of those payments comes in.

[BobC]

Originally Posted by Aquarian Sports Cards

This seems like a misunderstanding of the statutes, at least according to the PAA. Me taking Paypal has nothing to do with my consignors. If I paid THEM in paypal that would be a completely different issue. The IRS has assured the Pennsylvania Auctioneers Association that as long as an auctioneer is not a payment processor (and no writing checks to a consignor does not make one a payment processor) they are not covered by the new guidelines. We have been told that basically auction status has not changed. That being said, consignors, pay your taxes!!!

Scott,

If you have everyone paying you via Paypal, goods and services, for say a total of $5M for the year, and your company earned and is entitled to a 20% sales commission, that means you actually earned $1M for the year. But the 1099-K you get from Paypal is going to say you actually earned $5M for the year, so the IRS is going to be looking for at least that $5M amount to be reported as gross revenue on your company's tax return. So what do you call the $4M reduction you end up reporting on the company's tax return? It technically isn't a tax deductible expense as it was never truly your company's income to begin with. And what do you tell an IRS agent, if one comes knocking on your door, if they come asking you to prove the $4M you claimed as a deductible expense? You can't just keep consignor's names and info a secret from the IRS.

I already understand how you are technically not required as an auction house to give 1099s to your consignors since your AH didn't pay the consignors for any services. You are just acting as an agent on behalf of your consignors, and collecting and remitting their auction winnings to them, net of your fees/commissions. But if acting as an agent for your consignors means Paypal reports all the 1099-K payments to your auction company, and your auction company then redistributes those payments among your consignors, that means your auction company is acting as a nominee/middleman to all your consignors, which then technically makes your auction company the Payment Settlement Entity (PSE) for your consignors. And PSEs are exactly what Paypal, Zelle, Venmo, and the like are. That basically means your auction company should be taking whatever may be reported to you on a 1099-K form from say Paypal, and then turn around and file nominee 1099-K forms to break down and report the Paypal proceeds that ended up being paid to each consignor every year. That 1099-K nominee form reporting would then act as the documentation and backup support for the $4M deduction I spoke about on your company's tax return.

Ebay works with, or through, Paypal to see that every applicable Seller on Ebay will get the appropriate 1099-K form after the end of the year. Why would something like this apply to Ebay, but technically not to you and your auction house? Accepting payments through these third-party PSEs (Paypal, Zelle, Venmo, etc.) suddenly puts your auction house into a nominee reporting situation when you act as a middleman for your consignors, and redistribute PSE payments to them. This is totally different from requiring AHs to report ALL consignor sales through the AH, it only applies to reporting sales using third-party PSEs to send payments through.

Not sure what other AHs that do accept Paypal, Venmo, Zelle, etc. are doing or going to be doing about this going forward. I can see the tax authorities using the recently amended 1099-K reporting threshold changes to start going after AHs though. Prior to this year (2022) a consignor technically would have had to consign and have sales in excess of $20K AND have sold 200 or more items through an AH, which then got paid via Paypal or some other third-party PSE, before you'd have to send them a 1099-K form. But this year, and going forward, all a consignor needs is one sale of $600 or more, and they technically should be getting a 1099-K from someone. Chances are extremely few, if any, consignors were hitting that 200 transaction threshold in prior years, so no one was getting too concerned about AHs and 1099-K reporting for consignors. That has dramatically changed with the lowered $600 sales reporting threshold, and no minimum number of required sales transactions.

Might be something to really think about and talk over with your own tax accountant before jumping into accepting third-party PSE services for getting paid.

[BobC]

Originally Posted by prestigecollectibles

I don't get that many sales with Zelle, but according to their website they don't issue a 1099 or report anything. It is like sending a wire transfer, but with some limitations and no fees.

https://www.zellepay.com/faq/does-ze...than%20%24600.

Does Zelle® report how much money I receive to the IRS?

Zelle® does not report transactions made on the Zelle Network® to the IRS. The law requiring certain payment networks to provide forms 1099K for information reporting does not apply to the Zelle Network®.

Now that is interesting to hear and know. I have never personally worked with or used Zelle, but was under the impression it operated similarly to Paypal, Venmo, and other similar third-party Payment Settlement Entities (PSEs). And that therefore it is also subject to these 1099-K reporting requirements. But that is only for reporting payments for goods and services using such third-party payment network services. Is this specific Zelle Network(R) only for personal and not any type of business use then, and thus exempt from any 1099-K reporting requirements? I'll have to look into that.

And apparently Zelle did catch some loophole so its payments are exempt from 1099-K reporting. Goood news to know.

[BobC]

Originally Posted by CJinPA

True - most likely converting pretty soon after accumulation. That said, I'd be really surprised if AH's took anything other than BTC or ETH.

And not to get off topic too much, but crypto as a technology is NOT speculative. Some elements certainly are but Bitcoin, Ethereum and some are NOT! Think 1998 - 2002 and the entire dotcom bubble..... boy did Amazon boom and bust.... Bitcoin is better, the entire crypto ecosystem is more important that the internet of the 90's.... we are in early times.

I'll be selling some of my vintage collection and unopened wax here in the coming weeks - these are historic times!

Until various governments get tired of the largely unregulated status and start creating their own government sponsored/backed digital currency(ies). In which cases they may ban independent digital currencies, or do something to much more closely regulate/control them.

Interesting, after some further checking it turns out Zelle sneaked through a loophole, and is not subject to the IRS' 1099-K reporting requirements. Earlier stories and reports I had read always seemed to lump Zelle in with Paypal, Venmo, and similar third-party services, and that all of them would be subject to the same reporting requirements. Good to know.

[BobC]

Originally Posted by Jobu

Given how quickly the price of crypto fluctuates, I am surprised that an AH would risk it.

AH: Sends invoice on Friday.
Customer: Pays on Sunday using crypto.
Monday: AH shows up to work, the coin is down 11% from the day before.

So the AH just takes the loss? It seems like it would be a challenge to always be able to immediately convert a crypto payment, but I am not experienced in the ways of crypto and maybe the AHs that take it have a 24-hour alert set up so they never miss it the second one of those payments comes in.

And I would assume/hope that loss doesn't get passed through to the seller/consignors. Unless they actually asked to be paid in crypto.

[Aquarian Sports Cards]

Originally Posted by BobC

Scott,

If you have everyone paying you via Paypal, goods and services, for say a total of $5M for the year, and your company earned and is entitled to a 20% sales commission, that means you actually earned $1M for the year. But the 1099-K you get from Paypal is going to say you actually earned $5M for the year, so the IRS is going to be looking for at least that $5M amount to be reported as gross revenue on your company's tax return. So what do you call the $4M reduction you end up reporting on the company's tax return? It technically isn't a tax deductible expense as it was never truly your company's income to begin with. And what do you tell an IRS agent, if one comes knocking on your door, if they come asking you to prove the $4M you claimed as a deductible expense? You can't just keep consignor's names and info a secret from the IRS.

I already understand how you are technically not required as an auction house to give 1099s to your consignors since your AH didn't pay the consignors for any services. You are just acting as an agent on behalf of your consignors, and collecting and remitting their auction winnings to them, net of your fees/commissions. But if acting as an agent for your consignors means Paypal reports all the 1099-K payments to your auction company, and your auction company then redistributes those payments among your consignors, that means your auction company is acting as a nominee/middleman to all your consignors, which then technically makes your auction company the Payment Settlement Entity (PSE) for your consignors. And PSEs are exactly what Paypal, Zelle, Venmo, and the like are. That basically means your auction company should be taking whatever may be reported to you on a 1099-K form from say Paypal, and then turn around and file nominee 1099-K forms to break down and report the Paypal proceeds that ended up being paid to each consignor every year. That 1099-K nominee form reporting would then act as the documentation and backup support for the $4M deduction I spoke about on your company's tax return.

Ebay works with, or through, Paypal to see that every applicable Seller on Ebay will get the appropriate 1099-K form after the end of the year. Why would something like this apply to Ebay, but technically not to you and your auction house? Accepting payments through these third-party PSEs (Paypal, Zelle, Venmo, etc.) suddenly puts your auction house into a nominee reporting situation when you act as a middleman for your consignors, and redistribute PSE payments to them. This is totally different from requiring AHs to report ALL consignor sales through the AH, it only applies to reporting sales using third-party PSEs to send payments through.

Not sure what other AHs that do accept Paypal, Venmo, Zelle, etc. are doing or going to be doing about this going forward. I can see the tax authorities using the recently amended 1099-K reporting threshold changes to start going after AHs though. Prior to this year (2022) a consignor technically would have had to consign and have sales in excess of $20K AND have sold 200 or more items through an AH, which then got paid via Paypal or some other third-party PSE, before you'd have to send them a 1099-K form. But this year, and going forward, all a consignor needs is one sale of $600 or more, and they technically should be getting a 1099-K from someone. Chances are extremely few, if any, consignors were hitting that 200 transaction threshold in prior years, so no one was getting too concerned about AHs and 1099-K reporting for consignors. That has dramatically changed with the lowered $600 sales reporting threshold, and no minimum number of required sales transactions.

Might be something to really think about and talk over with your own tax accountant before jumping into accepting third-party PSE services for getting paid.

I don't want to get into it here, but what you're saying and what my accountant AND my professional association say differ very greatly from what you are saying.

[JustinD]

Originally Posted by BobC

Now that is interesting to hear and know. I have never personally worked with or used Zelle, but was under the impression it operated similarly to Paypal, Venmo, and other similar third-party Payment Settlement Entities (PSEs). And that therefore it is also subject to these 1099-K reporting requirements. But that is only for reporting payments for goods and services using such third-party payment network services. Is this specific Zelle Network(R) only for personal and not any type of business use then, and thus exempt from any 1099-K reporting requirements? I'll have to look into that.

And apparently Zelle did catch some loophole so its payments are exempt from 1099-K reporting. Goood news to know.

This is why Zelle has become the new method of late other than PPFF for many sellers. A quick sweep of secondary marketplaces is now full of Zelle mentions since the states and then feds started launching these new methods for redistribution of funds to seemingly anyone but me, lol.

[BobC]

Originally Posted by Aquarian Sports Cards

I don't want to get into it here, but what you're saying and what my accountant AND my professional association say differ very greatly from what you are saying.

No problem or issue, just pointing some things out that can be found on and in IRS sites, forms, and instructions. I just think there are potentially two very distinct and separate reporting issues in play regarding AHs and 1099 reporting. And I agree that one clearly does not require AHs to report respective sales by consignors through them on 1099 forms, just as your accountant and professional association have said.

The other potential issue though is a bit more abstract and not so clear cut as it does not involve the 1099 reporting of ALL auction house sales by a consignor. It only involves the 1099 reporting of AH sales that were paid for using a very distinct and defined type of third-party payment system, like Paypal and Venmo (but not Zelle); or possibly credit/debit cards, or the like. And the concept of nominee 1099 reporting by middlemen is a long known and established concept and practice that the IRS can look to in verifying deductions by individuals/businesses on their tax returns, and for which non-compliant individuals/businesses may be subject to fines and penalties for, or potentially even the loss of deductibility for such items.

Look at it another way. You are set up at the National, and have an account and one of those portable credit card machines so you can remotely accept credit card payments. Meanwhile, your good buddy and long-time friend is set up one aisle away, and comes running over to you to ask a huge favor. He's got a potential customer looking at a high five-figure purchase, but he can't take credit cards. So he begs you to let the buyer run the purchase through your CC machine and system, which you agree to, and forward him the money after the funds clear to you (net of the service fee for handling the transaction of course). End of the year comes and whatever CC system/plan you use sends you a 1099 reporting your gross sales for the year, including the sale you passed through for your buddy at the National. You are technically supposed to issue and send your buddy a nominee 1099 then to report the sale that was actually his, so that sales revenue appropriately ends up on his tax return, and you can deduct it from the sales revenue on your own tax return. Failure to do so, IF EVER CAUGHT BY THE IRS, could result in fines/penalties to you for not properly filing the appropriate information reporting documents, or maybe worst case scenario, you get stuck paying income tax on your friend's actual sale. Not likely to happen, but also not impossible that it couldn't. Same overall concept when an AH accepts Paypal goods and services payments on behalf of their consignors.

The IRS clearly does not catch a vast amount of errors, inconsistencies, and outright tax evasion and fraud on probably millions of tax returns filed with them every year. But with ever increasing uses of technology, and more and more stringent requirements and reporting thresholds, they are constantly getting better at catching this stuff. This newly lowered $600 reporting threshold, for 1099-K reporting, starting this year, will give them even more tax data to analyze and look at now. And it will also likely resort in many individuals and businesses that were previously not on the IRS' radar screen to suddenly start showing up. As usual, I'm merely passing along tax information that may be relevant to people and businesses involved in certain aspects, or in different sectors, of our hobby/industry. I do not judge others for how they report (or don't report) things on their tax returns, and leave it up to them to decide for themselves what they ultimately want/decide to do. I hope you, and maybe other AH personnel and owners on here, may find something I've shared helpful in the long run.

[BobC]

Originally Posted by JustinD

This is why Zelle has become the new method of late other than PPFF for many sellers. A quick sweep of secondary marketplaces is now full of Zelle mentions since the states and then feds started launching these new methods for redistribution of funds to seemingly anyone but me, lol.

Absolutely right, and makes perfect sense. And I wasn't aware of this till just reading this thread either. We can all learn and come across new information daily, as long as we keep an open and ever-inquiring mind.

Can easily see Zelle making a huge jump over other services like Paypal because of this new, lowered 1099-K reporting threshold, and apparent lack of fees (at least currently) for using Zelle. However, just to completely be up front, it also appears Zelle offers no protection for buyers using this payment service, like you'd otherwise have if using a credit card or Paypal - Goods and Services. Zelle is basically the same as Paypal - Friends and Family, no fees and no 1099-K reporting requirements, but also no similar sales/account protections.

[sb1]

I believe the difference may be that Zelle is essentially an electronic check/transfer between banks and not a payment processor.

[BobC]

Originally Posted by sb1

I believe the difference may be that Zelle is essentially an electronic check/transfer between banks and not a payment processor.

Exactly what I found out. Zelle acts as simply a communicator amongst the various banks to facilitate a bank-to-bank transfer, there is never an actual Zelle account in any user's name that holds or handles funds for them. Unlike Paypal, where when you authorize a payment to someone, the money first comes from your bank account to your Paypal account. Paypal then records the transfer from your Paypal account to the person you're paying's Paypal account. That person you're paying can then, if they choose, have Paypal transfer the funds from their Paypal account to their personal back account. With Zelle it is just a straight transfer from one bank account to another. Huge difference! Zelle never actually holds or handles anyone's funds, so nothing for them to report.

[parkplace33]

Lots of good conversation on this topic.

Question on crypto. I buy crypto at $5000. It is now worth $21000. If I pay for a card from an auction house today for that price, who pays for the $16000 gain? Me? Auction house?

[BobC]

Originally Posted by parkplace33

Lots of good conversation on this topic.

Question on crypto. I buy crypto at $5000. It is now worth $21000. If I pay for a card from an auction house today for that price, who pays for the $16000 gain? Me? Auction house?

You do!

Crypto-currencies under current U.S. tax law are considered the same as like investments in stocks or bonds, that can constantly go up and down in value. Whatever you originally bought (or acquired) it at is your tax basis. And you only recognize profit for tax purposes (or loss if it goes down) when you have a reportable tax event occur in regards to that crypto-currency. In other words, when you sell/convert it into actual currency, like U.S. dollars, OR, as in your example, trade it to acquire a baseball card worth $21,000. That is correct, by giving up your crypto-currency for a baseball card, you technically did not buy the card, you traded for it in a barter transaction! Let that sink in for a second or two.

How many times on this forum have I said to everyone that doesn't realize it that trading cards, instead of paying cash/check for and buying them, is still technically a taxable barter transaction in the eyes of the IRS and under the laws of the Internal Revenue Code?

So if you "trade" your crypto-currency for a baseball card with a deemed FMV of $21,000, that is deemed to be what you received for your crypto-currency, and what you then use to properly determine the gain (or loss) on its disposition. (Which in your example you properly calculated at $16,000.) The tax basis of the crypto-currency in the hands of the person you traded it to for the baseball card is going to be that same $21,000, which was likely the market price of that particular crypto-currency at the time of you trade. And your tax basis in the baseball card will be the same $21,000 agreed upon for your barter deal.

And by the way, how long you may have owned the crypto-currency you used to trade for the baseball card matters as well. If you had owned the crypto-currency for one year or more, that $16,000 gain is recognized as a long term capital gain, subject to a maximum federal gains tax rate of 20.0%. If you owned the crypto-currency for less than a year, then the gain is short term capital gain, subject to tax at ordinary federal income tax rates, up to a current 37.0% max.

Trust this helps and fully answers your question.