$50MM/250K Sales Recorded!

Official Expresso Beans Art News.

Postby jimmybobo1 on Wed Oct 21, 2009 1:22 pm

Rumor is this was just from 4 Emek prints...
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Postby oldsyd on Fri Oct 23, 2009 9:43 am

So, what's the guess on under the table transactions? :?
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Postby stot on Sun Oct 25, 2009 10:48 am

talkingdeads wrote:
turnJBup wrote:Audits to follow...



speaking of this, do any of you guys report this as hobby income on your taxes? I do, but that's just because you can't be a square without strong straight edges.



Consider treating it as an investment. Lower tax rate if you hold on to poster for a year. And you could report capital losses as well.
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Postby higherlimits on Fri Oct 30, 2009 5:29 pm

In Canada it'd just be considered Personal Property I think. Maybe Listed Personal Property but I'm not sure if it counts or not.. Either way you don't have to claim any individual item that cost or sold for less than $1000.
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Postby stot on Fri Oct 30, 2009 7:32 pm

higherlimits wrote:In Canada it'd just be considered Personal Property I think. Maybe Listed Personal Property but I'm not sure if it counts or not.. Either way you don't have to claim any individual item that cost or sold for less than $1000.


Not the same in US. Cash you get you have to pay tax on...or not get caught! Only tracking I can see is Paypal accounts and bank deposits from Paypal. I include value of my collection in loan applications...don't know about my tax return yet.
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Postby cinematical on Sun Nov 22, 2009 11:40 pm

Any idea what amount of that large sum was member trades - I.E. directly facilitated by EB?
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Postby iratasan on Mon Nov 23, 2009 12:46 am

jimmybobo1 wrote:Rumor is this was just from 4 Emek prints...


yup, 4 foil AP2s, or were that Caterer Proofs (CPs)?
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Postby rssesq on Mon Nov 23, 2009 5:52 pm

iratasan wrote:
jimmybobo1 wrote:Rumor is this was just from 4 Emek prints...


yup, 4 foil AP2s, or were that Caterer Proofs (CPs)?


not even close.

they were AP3 P/P or maybe S/P's
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Postby MichelMaX on Mon Jun 11, 2012 3:29 am

Awesome....Its really amazing which is more than any other's task and goals.You must be appreciated here.
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Postby misterwhisper on Mon Jun 11, 2012 4:52 am

only 42,000 members spent a combined $50,000,000??? :shock:

Some of y'all gotta get out more.
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Postby RupertPupkin on Mon Jun 11, 2012 5:04 am

This thread is from 2 and a half years ago, the number will be much greater now, and of course it only reflects recorded sales...
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Postby xN3rDx on Mon Jun 11, 2012 5:09 am

MichelMaX wrote:Awesome....Its really amazing which is more than any other's task and goals.You must be appreciated here.


Brought back to life by a spambot.
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Postby RupertPupkin on Mon Jun 11, 2012 5:12 am

What's the point of a bot with no link?
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Postby saltypablo on Mon Jun 11, 2012 6:40 pm

Private sales need that should be recorded, seems i can only add ebay auctions :

Alex Grey Net of Being 1st edition # 216 $485 plus $15 S&H
Biskup Beatnik Band #176 $340
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Postby tomdon on Mon Jun 11, 2012 9:16 pm

You don't have to report on taxes 'til you flip 200 items or 20,000 dollars on EBay. Now you know.

http://reviews.ebay.com/2012-IRS-TAX-LI ... 0131804104
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