Makes sense on a new account.Even ATOT would probably ban you if you came in and posted a FS thread with no other recent activity. They do this to prevent scamming and hacked accounts.
This is Kyle's hamfisted way of pretending to be important. This rule has been around for a couple years now and yes, like most of the forum rules there it is arbitrarily enforced.
I gave up on the notion of selling anything online. Too many creepy people now-a-days. I just buy mid to low end tech, keep it forever (my CPU is 11 years old) and plan to give it away or donate it.
Maybe if I get bold I might list on Ebay again. I used to be a gold powerseller there with $10,000 a month in sales.
...back in 2004.
There has been an increase in flat out stupid rules on traditional forums. As forums ages, so do the people managing it. It's akin to HOAs. Old bitter people with nothing better to do but make up rules that fit them, not everyone else.
There has been an increase in flat out stupid rules on traditional forums. As forums ages, so do the people managing it. It's akin to HOAs. Old bitter people with nothing better to do but make up rules that fit them, not everyone else.
ahh, makes sense. fuck kyle, he's always been a weirdo/loser.This is Kyle's hamfisted way of pretending to be important. This rule has been around for a couple years now and yes, like most of the forum rules there it is arbitrarily enforced.
Little does he realize that fs/ft is still hy far the most relevant sub on the site, and by banning people from it he literally affects his ad revenue the most.
You probably got reported for scalping a 3000 series card (yes, it's also a rule) and Kyle saw you haven't posted anything other than fs/ft so banned you. That's my guess.
ahh, makes sense. fuck kyle, he's always been a weirdo/loser.
sold a 3070 to a member here on AT for what i paid for it($700).
Hmmmm.... I may well have been banned myself over there by now.
It's been quite awhile since I last logged in so I really have no idea! (also really don't care ROTFL)
it won't let me do anything. can't even message them to see if i can get it back. with that said, they can keep the account.
report back, LOLNow you've piqued my curiosity!
report back, LOL
To be fair, they didn't just up and decide to start doing that because they wanted to, and I'm sure they'd be happier if they didn't need to.i'm a huge guitar/amp/pedal freak, buy/sell/trade all the time and my favorite place(reverb.com) recently informed me any sales over $600 to expect a w2 in the mail. i'm not making a profit on this stuff, just a gear head that loves gear. closed my reverb account.
oh for sure! i should have worded it better. definitely not reverbs fault. thegearpage.net is thriving these days for gear classifieds, only $15 annually to post in the classifieds too.To be fair, they didn't just up and decide to start doing that because they wanted to, and I'm sure they'd be happier if they didn't need to.
That $600 rule is new IRS rule that was included in the $1.9 trillion American Rescue Plan stimulus package Biden signed back in March. These companies are now required by law to send you 1099-K for payment totaling more than $600 per year. It's a shitty law and hurts people like you.crazy how much places like ebay has changed over the last 2 decades.
i'm a huge guitar/amp/pedal freak, buy/sell/trade all the time and my favorite place(reverb.com) recently informed me any sales over $600 to expect a w2 in the mail. i'm not making a profit on this stuff, just a gear head that loves gear. closed my reverb account.
That $600 rule is new IRS rule that that was included in the $1.9 trillion American Rescue Plan stimulus package Biden signed back in March. These companies are now required by law to send you 1099-K for payment totaling more than $600 per year. It's a shitty law and hurts people like you.
That $600 rule is new IRS rule that was included in the $1.9 trillion American Rescue Plan stimulus package Biden signed back in March. These companies are now required by law to send you 1099-K for payment totaling more than $600 per year. It's a shitty law and hurts people like you.
I never thought of it that way, but it does seem to be true.There has been an increase in flat out stupid rules on traditional forums. As forums ages, so do the people managing it. It's akin to HOAs. Old bitter people with nothing better to do but make up rules that fit them, not everyone else.
It's the total amount, not individual sales. You'll get a 1099 from every selling website that tracks sales and every payment company (Zelle, Venmo, etc) that you processed through.Note to self.... cap all payments through apps @ $599!
It's the total amount, not individual sales. You'll get a 1099 from every selling website that tracks sales and every payment company (Zelle, Venmo, etc) that you processed through.
What's going to be important for filing taxes at the end of the year if you get one of those is that you provide your cost basis as well so they don't show it as reported income. If you bought a video card for $500 and sold it for $400 then you took a loss, not a gain.
What's going to be important for filing taxes at the end of the year if you get one of those is that you provide your cost basis as well so they don't show it as reported income. If you bought a video card for $500 and sold it for $400 then you took a loss, not a gain.
I looked into this, and you can only do that if you have a business license. For private sellers, it's all considered profit.
Glad I sold all my Zippo's in 2020 and early 2021. Had some more collections I was going to list this year, not bothering now.
I don't think this is true. Also, neither does TurboTax:
Do I have to report personal items that I sold at a yard sale?
You only need to report personal items that you sold if they were sold for more than what you originally paid. Let's say you purchased a vintage nut grinder forttlc.intuit.com
There are probably better sources but the few I found said the same thing.
There is nothing from saying you are a business - no business license required (unless you're doing some very specific businesses), you don't need an EIN (you file as sole proprietor or single member LLC with your SSN), and there's nothing that you really need to do or say to the IRS to make them consider you as a business. Yes, it's true, if you run a loss multiple years, they will classify it as a hobby and you'll lose the income impact.I meant that you can not take a "loss" unless you are a business:
A Tax Filing Factsheet for eBay Sellers
You can find almost anything for sale on eBay, from a piece of fine art to clippings of Justin Bieber’s hair. So it's no surprise that the IRS doesn't view all sellers alike in the online marketplace. You may not have to pay tax at all if you are essentially hosting an online garage sale, but if...turbotax.intuit.com
And hopefully you kept all reciepts, to prove anything you sold did not make a profit. I the case of my 30+ year old new Zippo's, I sure didn't. They sold for a profit, but without reciepts I can't prove how much.