The Ebay Advice Column
- ygolohcysp
- Art Expert
- Posts: 2627
- Joined: Wed Jun 04, 2014 12:57 pm
Had someone request a return due to a full bleed print where the ink didn't cover all of the the bottom of the print. Like, if you consider a print to be 2 sides (front and back) but then factor in right, left, top, bottom borders as sides, the bottom side. So, yeah.
Stingers wrote:If you can't get it up eat less fudge, excersise and stop being a kitten.
Relax, I honestly don't give a fudge.john38103 wrote:All gin every thing. drymount all you hoes.
Yeah, it just makes you have to do additional tax work. Correct me if I am wrong but if you can show your basis is more than the sales price less fees, you owe squanto in taxes. If I sell a print for $400 that I bought for $150 and five Lego sets for $200 that originally cost $450 then I don't owe fudge in taxes. Actually, I could declare a loss because of eBay and PayPal fees.ygolohcysp wrote: ↑Thu Mar 18, 2021 10:50 amThe tax implications haven't changed. It's only the reporting, you still owe the money before and after this change.
NEWPORTS69 wrote:ive kept journal for very long time and ranked public restrooms because i srs hate using them, was working on an app but im not very smart
- ygolohcysp
- Art Expert
- Posts: 2627
- Joined: Wed Jun 04, 2014 12:57 pm
Depends on how the sales income is accounted for on your taxes. Can't take losses on a hobby is what I hear. Also expenses are harder to use with recent changes for that type of filing. I wouldn't know though, I pay my accountant every year and it all goes through my business.jjttdw wrote: ↑Wed Apr 28, 2021 1:07 pmYeah, it just makes you have to do additional tax work. Correct me if I am wrong but if you can show your basis is more than the sales price less fees, you owe squanto in taxes. If I sell a print for $400 that I bought for $150 and five Lego sets for $200 that originally cost $450 then I don't owe fudge in taxes. Actually, I could declare a loss because of eBay and PayPal fees.ygolohcysp wrote: ↑Thu Mar 18, 2021 10:50 amThe tax implications haven't changed. It's only the reporting, you still owe the money before and after this change.
If you declare losses year after year the government may say it is a hobby. Declare a profit some or every year the government is not going to declare it a hobby.
When expected to account for revenue / income in a 1099 for goods sold then the government has to expect expenses related said goods My guess is that things are run through Schedule C....at least that is where I intend to account for it when/if the time comes. Maybe I do an S Corp to avoid payroll taxes on a portion of the net income. #notmyfirstrodeo
When expected to account for revenue / income in a 1099 for goods sold then the government has to expect expenses related said goods My guess is that things are run through Schedule C....at least that is where I intend to account for it when/if the time comes. Maybe I do an S Corp to avoid payroll taxes on a portion of the net income. #notmyfirstrodeo
NEWPORTS69 wrote:ive kept journal for very long time and ranked public restrooms because i srs hate using them, was working on an app but im not very smart
- ygolohcysp
- Art Expert
- Posts: 2627
- Joined: Wed Jun 04, 2014 12:57 pm
Set up unpaid item assistant to automatically open and progress through the steps at the fastest rate possible. I think it's 2 days for the first notice to go out and then another couple days to progress to the next step that gives them 3 more days to pay.
You should also investigate your ebay selling form and see if you can find where to activate the checkbox for "must pay immediately" on buy it now.
Seriously...who does a BIN and doesn't pay immediately? I've forgotten I made an offer while drinking that was later accepted but it still only took me a couple days to shake off the hangover, realize what I did, and pay up.
NEWPORTS69 wrote:ive kept journal for very long time and ranked public restrooms because i srs hate using them, was working on an app but im not very smart
- xangelx
- Art Expert
- Posts: 2473
- Joined: Thu Sep 10, 2009 1:42 pm
- Location: Brooklyn, NY - Top of the food chain!
My favorite is when actively offering and counteroffering with someone, then they accept the counter, and then they don't pay. Apparently some people just love wasting time.
"If I could fly high above the world, would I see a bunch of living dots spell the word stupidity" - Bad Religion
I have basically stopped accepting offers because of this. I had a streak of Obey print buyers make offers, I accept them, then they just... don’t pay. It’s more common than I thought. Or maybe my buyers are just fudge.