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lupajunie

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Posts posted by lupajunie

  1. As far as the taxes, most people who sell things on ebay actually paid more for them than what they are selling them for, so there is no profit. But if you bought a $300 laptop and sell it for $500 then you have a $200 profit and that is taxable and would be claimed as business income on a schedule C. Many states also require you to pay sales tax on the difference(you already paid it on the first $300).

     

    Your basis in a gift is the value on the day you recieved it. So as long as it didn't go up you would not have any income to report.

     

    If you did have a profit you could use expenses such as mileage to and from the store and possibly your supplies while waiting(coffee?). You could potentially even take a loss on your taxes if you lost money, although there has to be a profit motive.

    http://www.ezinearticles.com/?Do-You-Pay-Taxes-On-eBay-Income?&id=40793

     

    I appreciate your posts first of all because I would never of thought selling things like that would be considered taxable. But I'm still not convinced because of a few things... first, do these tickets have on them that they're not worth anything? Many have said they don't and, although not labeled as so, are technically worth the amount you're saving. So with that said if I sell a ticket for an item you'd be saving $200 with, for $20... that's technically not profit then? I'm not implying anything by these questions, they're just honest questions.

     

    Secondly, since this can just be considered a hobby (which doesn't take away tax liability) then it's not a business and the seller can so choose not to report it and not have IRS come breaking down the door. Just wondering what your thoughts were on that, hope to hear from you soon.

  2. can someone please help me, what does DH stand for? I've seen a couple of women write that in their posts, DH means for me designated hitter in baseball/softball so I'm sure it's not that haha :D. My guesses are dam husband or designated husband lol.
  3. That's exactly what I have done. We need more good ppl in the world!

    That is undeniably a very nice thing to do, right? But....(I hate to turn this into a philosophical debate but I just need to make this one point) who's to say what is good and what is bad? If you have a standard of what is wrong or right or good or bad where do your standards come from? or maybe Who? Is it yourself? If so then, you choose to say that we all have our own individual standards of right/wrong and good/bad and since the individual can pick their own standards whose standards do we live by? Our own is it not? Unless it's law, then it's all a big free-for-all and people can do and say what they please and if you think it's wrong then it's only wrong to YOU not everyone. I'm just bringing up this point because you can't say something is wrong or right if you have an individual standard of morals, and even the subject of morality.... where did morality come from? Human evolution? The only people I'll respect on here for saying it is possibly wrong or unkind to sell tickets is someone who believes in God because then their set of standards are not of their own but of God's. And if you want explanation on why God would say that, I could tinker around in my head to give you an answer. But even then I'm not convinced God would say it's wrong to do. If I choose to sell tickets then it's only because I need to make more money inorder to buy presents for others. So I'm 'taking away' from one set of people to give to another set of people.

  4. I want the Logitech iPod speakers for $59.99. I don't think people will be climbing for these, so maybe I'll saunter in around 5:30am for these...

    Quite possibly you'll be fine with coming in at that time BUT you have to factor in the power of spur-of-the-moment shoppers. So take that into consideration. Last year I picked up the very last box of speakers (I think they're Altec Landings or something, 2.1 not great but great value) it was no wonder they were like $10.

  5. Like I have said elsewhere on the forums, if you are going to make the argument that it is "just business" and you can sell it, then you had better be claiming the income. No legitimate "business" sells things without reporting the income.

    Hrmm I don't know about this, I don't think that will stick with many people. So are you saying whenever I sell things on ebay or craigslist (things at home maybe I don't need anymore, or maybe a gift I got that I'd rather sell off for money but don't have the receipt to do so) that's business and I should claim that on my taxes? That sounds pretty unlikely to me that anyone would do that. How about a little girl selling lemonade, should her parents report that during tax time? That argument just doesn't hold up very well. But here let me list some UNBIASED pros and cons of this issue:

     

    PROS: You can make a little profit to be used towards your spending, You can help someone out by selling them a ticket they otherwise wouldn't of gotten because of their place in line.

     

    CONS: It is illegal in SOME states (though this is up for debate on whether or not they could actually charge you BUT if the BB management so chose to kick you out then that's totally up to them they 'RESERVE THE RIGHT TO REFUSE SERVICE TO ANYONE'. You may be taking a ticket someone otherwise would have gotten but are now selling it off, You add to creating a vicious chain of other ticket sellers who may next year be ahead of you and take YOUR ticket, you can potentially waste someone's time in line.

     

    That's pretty much it, but as you can see it's all pretty much subjective and I personally don't lean either way because it just depends on the person and their own morals. I may choose to sell tickets myself and I wouldn't feel bad doing it.

  6. I'm tolerant of it depending on a couple of things: 1) Where they're going 2) How long they'll be gone. If it's a mother that needs to go check on her baby and will come back in an hour up to two hours then fine it's the holidays. But if it's some person who just wants to go home and take a nap or go pick up money or things like that and is gone past an hour up to two hours I say forget them. They should have known it would be a big commitment to be there that long and should have made the necessary arrangements ahead of time. Last year some people were in line ahead of us and said they were going to target which was across the way so after an hour we just moved their stuff to the side and moved up in the line.
  7. I want to clear some confusion about the cpu, the 420 celly is a single core duo processer, at 1.6 ghz it does more work per clock cycle then a p4.

     

    It's faster then a 3.2 ghz p4, I wish they would do away with the celoron name, it gives it a poor rep. With the proper ram it will run vista fine for everyday apps. Hope this helps.

    Really? You mean core solo processor? haha man I'm so confused, but ok aslong as it's not REALLY 1.6ghz because that is just ancient... like I said last year's emachine was 3.33ghz celeron. Can anyone else verify that it's really a 1.6ghz core solo processor? 'cause that makes a huge difference.

  8. Hey I was just wondering how fast that $200 computer is... I see that it says processor 420 and I've noticed in the past the number after a processor on celerons is the processing speed, so if it's processor 365 then it's 3.6ghz. So does that mean this one will be a 4.2?? That seems ultra fast, but of course I know it's a celeron. Help in clarifying this would be greatly appreciated.
  9. must have the WD portable hard drive!

     

    if that's a 2-day early bird thing, do you think i'll be ok not getting to best buy for it till 8 or 9 BF morning?

    Yeah my best guess is you're fine with coming in at around that time, hard drives are always pretty plentiful from my past experiences I always see a hefty stack of them still left when I leave the store after my shopping is done.

  10. 320 GB Seagate internal SATA hard drive

    Orange Box (PC)

    Call of Duty 3 (Xbox 360)

    Resident Evil 4 (Wii)

    Sonic and the Secret Rings (Wii)

    Yeah that orange box is pretty sweet I'm either going to pick that up OR bioshock I'm still debating. Steam is selling those two for $50/ea so it's a %50 off deal.

  11. If people say it's wrong to sell tickets when you were near the beginning (of the line) enough to get them, then how about if you BUY the item and then sell it off brand-new? I don't see anyone being able to say that's wrong so what's the big difference from earning your spot in line to sell a ticket? And IF you are saying buying the item to sell it off is wrong, then prove it. I'm not being hostile here btw, I'm just very curious as to how people would be able to argue this point. [And this would all be assuming there were no BB policies or laws against such ticket sellers.]
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