Dr. Love

congrats to all concerned on this beautiful cole

I'm stupified.  Great grade, Saunders, but but but

Yes to the photocopy. That's what I do now with Crippens. Probably no to file copies, too murky.

On 3/26/2024 at 5:39 AM, Bookery said:

 Yakima has been accepted, and they probably will put it on the ones for which records have been maintained. 

From page 1 of the Recent CGC Pulp thread, recently, by Rick. Did I mention it's on PAGE 1 and not buried in the distant past? 

And I'm not even a "pulp guy".  Geez Louise!

Agreed. I like Jake but Conor was cartoonish, and that's on the script and Liman.  Liman is high on his own supply if he thinks this one could have run up any sort of numbers in the theatre. 

Just because, as a hobbyist, you deducted various selling expenses (bags and boards, admission to conventions, gas to get to the post office) from the sales price in addition to the actual cost of goods to determine the profit, does not mean you (or your preparer) determined the amounts correctly.  See below.  I would argue, if I had to, that slabbing fees are cost of goods deductions as slabbing intrinsically creates a different product than a raw comic, beyond a presentation aspect like a bag and board.  Again, this is the type of detail that would only come up in an audit, imho.  

"Hobbies are fun. They can also cost money. Sometimes they can make money. If you have an expensive hobby, can you deduct any of your expenses? Starting in 2018 after the passage of the Tax Cuts and Jobs Act (HR 1, "TCJA"), the short answer is "no."

For tax purposes, a hobby is an activity you engage in primarily for a purpose other than to make a profit. The IRS commonly classifies inherently "fun" activities like creating art, photography, crafts, writing, antique or stamp collecting, or training and showing dogs or horses as hobbies. Even if you occasionally make money doing such an activity, it is a hobby if your prime motivation is having fun, not earning a profit.

Because hobbies are not businesses, hobbyists have never been allowed to take the tax deductions to which businesspeople are entitled. However, for decades the tax law did permit hobbyists to claim as an itemized deduction their hobby-related expenses up to the amount of income the hobby earned during the year. This was not a very generous deduction because of the limitations on itemized deductions, but it was better than nothing.

Unfortunately for people who earn income from hobbies, the TCJA completely eliminates the itemized deduction for hobby expenses, along with all other miscellaneous itemized deductions. The prohibition on deducting these expenses goes into effect for 2018 and continues through 2025. This means that taxpayers will not be able to deduct any expenses they earn from hobbies during these years, but they still have to report and pay tax on any income they earn from a hobby! The deduction is scheduled to return in 2026.

Example: Charles paints part-time as a hobby. He earns $3,000 from selling paintings in 2018 and has $2,000 in expenses. He must report and pay tax on his $3,000 in hobby income, but he may not deduct any of his hobby expenses, even if he itemizes his personal deductions.

Example:  if your hobby is selling baked goods, you could deduct the cost of ingredients. But you could not deduct expenses like the cost of delivering items or fees to be a vendor at a market."

good for you showing spines

speaking of Charlton

Been waiting for a Promise romance to resell - first entry for the genre.  @MasterChief

8/16/21 for $1320 - 64% drop.  

Lawyers. Gotta read the room!

On 3/4/2024 at 8:41 AM, Robot Man said:

I thought I was bidding large for the My Romantic Advs 49 that closed last night on the Bay for  just under $400. 

Somebody got a steal!

Yeh, two other boardies were in on that one as well, both putting the value at around $250.

We dig the ultimate Pike black cover with stippling and cross hatch!  in '53 Pike and Hartley were going for the gold on their cover work big time.  Colletta the fast learner coming up from behind in the following year or two.

But neither Pike nor Hartley could keep up the same level of excellence on the interior work.  Infantino, on the other hand - absolutely masterful.  

On 3/3/2024 at 8:48 AM, Heronext said:

Nice book!  I bought this raw off Metro's website for $93 in 2011, had it slabbed in 2019 and later sold it here on the boards

Was wondering how this one got away from me on the boards - shoulda known.  Rightly priced at the time.  You Brooklyn guys get the good stuff!

On 3/3/2024 at 8:16 AM, Darwination said:

You don't have to thank me now, but a gentleman in Arizona is offering a straight up VG purple label at fire sale prices

For that book, actually not as crazy as you might think

Metro was picking up these Crippen lots from HA.  This came from a 21 book lot that sold in 2007 for $567.63.  No back cover scans, and the front scans had a max of three books laid over each other.  I always disliked how they did that for the group shots - still do.

The #31 was graded at VF+, but at the time I wasn't willing to gamble on how they would press out, see below.  Looks like pretty darn good!  Great copy of a beautiful Ace book.