MyNameIsLegion

yup, although the paranoiac in me can't help but think the IRS will be very keen to see the sudden drop in year over year processed payments all of a sudden should they ask for that info from paypal and the like.

Marvel Feature vol 2 Kull Monsters Unleashed Son of Satan

This thread would be interesting with a more realistic bar . $1000 in 8.0 is so high it would be easier to name the one's that are over not under. But since Kav started this thread, I see no reason not to hi-jack it. Title's under $500 in 8.0 Captain Savage Ka-zar (any of them) Marvel Presents Man Thing Monster of Frankenstein

this is the last year. (for those state that don't already have a lower threshold) Next year it's $600 total through one payment system, Transaction count is irrelevant.. So in 2023, when doing your 2022 taxes, anyone using Ebay, Paypal, Etsy, etc is going to be in a for rude surprise. So, in your case, your Ebay sales for one single item, if this was 2022 would trigger a 1099 the following year.

I mostly agree with this assessment - but not having the immediate feedback that you've been outbid on Clink and the difficultly to up your bid really dissuades anyone getting in a bidding war, which is bad for the consignor. I'd never sell anything over a grand there, and maybe not even then. Their technology just sucks. Comic Connect's website is just weird. HA had weak offerings this week, maybe by design knowing the other 2 would peeing in the same bidding pool. It's not as much fun to watch as the time ticks down, and juggling multiple tabs or windows is tedious. I bid on one thing, thought I won, only to realize I"d been outbid and had to refresh. I was annoyed enough that I just bowed out of bidding on the other 8 lots I was tracking. I'd also be annoyed if my consignment was in the second session. I just skip all that junk categorically. But Clink's website is approaching Spencer Beck The Artist's Choice level of datedness.

LOL, Cathy and Garfield came out the same year. I'm Gen X. I grew up on Blondie, Hagar, Beatle Bailey, Henry, Snuffy Smith, Hi and Lois, Broom-Hilda, Bringing up Father. . Bloom Country is what made the comics section worth reading.

Ok Boomer.... The best part of the Garfield portion of the Saturday HA was it gave me and another boardie I was chatting with during bidding to take a break, use the restroom, get a drink, read the mail, feed the cat, unload the dishwasher, any number of mundane choirs more scintillating that watching the Garfield Comic Strip Assembly Line being dismantled and sold off for parts.

More than 10% of the Saturday auction is freaking Garfield...

that's Colan Tales to astonish page seemed low relative to most 2x SA Marvel art. and WTF happened with that Richard Bennet X-Men page? $5K? The second page went for half that. during the auction it was auto bidding at an almost too mechanical an interval and the auction paused and resumed at one point like there was an error. the auctioneer even said there was a problem. Someone got hosed on that.

"hand rub"

Fig Newtons, gotta watch out for those....

the very reason this thread exists is because a capital gains rule that was stated to tax the most wealth (let me sell my Monet for Money) has now filtered down to the the average Joe with real world consequences and paperwork headaches for inconsequential tax revenue. Wall Streets rules foisted upon Main Street people. Most people don't participate in the 15% Capital gains side of the economy. They don't have individual stocks, they buy, make and sell stuff to other people that use that cash to buy make and sell stuff. Most people live in the Main Street economy and their economic activity contributes to the tangible velocity of money. You sell 5k of CGC comics, you put a downpayment on a a car or hire a contractor to redo the kitchen. Salesmen, Loan Officers, contractors, suppliers of raw materials make money whereas I get on my Schwab app and sell 50 shares of BofA stock, that doesn't do squat for the world.

HA and and state sales tax revenues would beg to differ. 15% to HA from seller, 21% to HA from Buyer, 8-10% in sales tax. Not to mention S&H, I think selling a few grand of collectibles generates plenty of velocity for money in the REAL economy. I'd argue the opposite on many capital gains bound electronic transactions. It's just paper wealth sitting on servers.

Savage Tales is her 17th appearance, 2 away from MTU 95 according to this: https://cmro.travis-starnes.com/character_details.php?character=574

One year earlier- Jan 1975 Savage Tales #8. I think many overlook this. I'd had this page of art for more than a few years before I even realized it.

Don't forget Bobbi was in Savage Tales also....

my dad just passed away, and there may come a time where my brother sells some items, mostly books, many of which were gifts from us or bought used over the course of 50 years. You think we have receipts? The fact it wasn't worth declaring any itemized value for any of dad's physical property agains't his estate? I bristle at the idea that I've got to do a bunch non value added paperwork benefitting no one thanks to this.

thaz kopper dewd.

this right here....

so this is exactly what I feared would happen, and this is under the existing rules. At a $600 threshold can you imagine the chaos? Pretty much if A (the amount of the 1099K) + B (the amount of additional income from the source of the 1099K declared) does not = 2 X A (or more) then they are just going to stick it to you. (I know that sounded clumsy, but it appears that A-B=C (for schedule C doesn't seem to be good enough)) And just how far into the future are you supposed to hold onto these records just in case they come snooping around? 7 years? 10 Years? Jesus.

exactly. If Ebay's 1099 says you were paid $1000, and you declare $0 extra income because you were reselling the kids old toys or crib or sports equipments, exactly where is it that you document this? It's not an itemized deduction. So what substantiates the tax payers assertion they anything to report that's less than the 1099K?????

wait, how is shipping a specific items not deductible? As it is, Ebay and Paypal take a cut of the shipping cost. If I sell for $20, COGs is $10, fees are $2 and shipping is $3 and I net $5 I have to declare $8 as income? WTH?

This seems like just a giant PIA. If the IRS consistently get a 1099 for millions of individual with anything less than 100% of that amount reported as income, for those that sold at a loss, they have to keep track of it, if and only if they are audited if they declare any amount less than what's in the 1099K. This seems like a terrible used of everyone's time, including the IRS. Of course, as Voduo suggested, this all gets automated, all bets are off, but it's still a hassle for the taxpayer. Most won't bother, they will just declare it. for low income households they will just get less of a refund. It could pinch some people on medicaid, medicare, or disability. But it see like it will always raise a flag if a middle income household that does not itemize their deductions (because the standard deduction is still a better for them) and takes the standard deduction is declaring less than the 1099K.