OuterboroGuy

My gut tells me that Polaris is going to be a main character when X-Men join the MCU.

I know that #49 is Polaris' first appearance, but this cover does it for me. For me, this cover makes #50 more valuable than #49.

You are generally obligated to report all income, from whatever source, to the IRS and your state taxing authority. There are some de minimis exceptions. Now, whether or now the IRS will be aware of your transactions is another question. That gets into 1099 reporting, etc. But if you are audited, and you sold $100,000 worth of comic books (or $10,000), you'd better be prepared to show that not all of it was gains, otherwise it will just be assumed to be income from dollar one. Worst case example: You purchase an Avengers #1 for $5,000 cash. No record of your purchase. You sell that same book for $6,000 a year later, and its shows up in your bank account. Unless you can show via contemporaneous records that your cost basis was $5,000, the IRS is going to assume that $6,000 was income. So assuming top combined fed/state marginal rate of 45%, you could be liable for income tax equal to 45% of $6,000, rather than 45% of $1,000.

I picked up a copy of Amazing Adventures in an online auction lot and when I received it, it had a Jack Kirby signature on first page. Consensus here was that it was legit.

Because investing in collectibles does not add to the productivity of the economy. By contrast, encouraging a liquid trading market where companies can issue securities and use the cash proceeds to invest in employees, factories, etc., increases productivity -- by turning raw assets (land, material, human capital) into productive economic assets.

Yeah, I saw the old label. Big risk though, how much can you really tell by an online image whether there is a pressable defect.

I literally bought this same issue and grade a month ago for $1150. It's almost doubled in 3 weeks.

Collectibles are taxed at a capital gains rate of 28%, unless you are a dealer, in which case it is ordinary income (i.e., net sales). Also, if you flip a book within a year, its taxed at your full rate (not capped at preferential longer-term capital gains 28%).

I have a few Pence copies I picked up inadvertently in a Silver Age lot. I like them! (Of course, my grandpa met my grandma in England during WWII, so I am biased toward the UK!)

Take

No profits required if you are selling comics as a hobby, and not as a business. If you sell some comics as a hobby, there are no deductions. All sales proceeds are income -- not the sale proceeds minus what you paid. See here and here. So keep good records, so that if the IRS ever comes calling, at least you can try to retroactively call it a business and get to deduct what you paid. And if you are already selling comics as a business (whether on eBay, here on the boards, on FB or hawking them on the streetcorner ("Get your comics here! I'm putting my mother through college!")) then presumably you're reporting all your net income already, and the change in 1099 reporting shouldn't affect you. Actually, ignore all that -- if you are doing intermittent sales, these are probably treated as sales of collectibles, which puts it in the capital gains rules. Here's a good summary: Taxation of Collectibles Either way, the tax man wins.

This is just wrong. See: Turbo Tax on sales of primary residence Of course, most people (like your BIL) don't realize home sale profits of the size that put you in the capital gains tax bucket (e.g., over $500k profit for a sale by a married couple). And a lot of houses end up in estates so a different tax regime applies. Of course, if he was flipping houses as a business, any profits are taxable regardless of the fact that it was a home that was sold (as opposed to a comic book or a widget).

The Stranger -- fits in with X-Men, Silver Surfer, the Infinity Stones and other storylines -- complex motivations, starts off bad, then is good.

There is no point in slabbing anything unless you intend to sell them.

What If lot -- ##4, 5, 6 and 7 -- $10

Spectacular Spider-Man #21 -- $1

Spectacular Spider-Man #19 -- slight spine roll -- $1

Spectacular Spider-Man #14 -- $1

Spectacular Spider-Man #13 -- book-through vertical fold/bend running vertically through Spidey's right shoulder-- $1

Spectacular Spider-Man #12 -- book-through vertical fold/bend running vertically through Sister-Sun's left arm -- $1

Spectacular Spider-Man #10 -- double dogear at top -- $3

Spectacular Spider-Man #7 -- small dogear at bottom -- $3

Spectacular Spider-Man #6 -- dogear creases top and bottom, slight spine roll -- $3

Spectacular Spider-Man #4 -- $3