Heads Up! I Saw A Bargain Here! 2022

[Rocat]

Amazon has the G-Shock GW-M500A for $71.55. I find this model more comfortable to wear and has bigger digits than your average G-Shock. The functionality is the same as the GW-6900 in a better package. Bigger digits, and bigger buttons.

[Thrax]

DEFINITELY not a deal, quite the opposite actually! For all of you/us flippers and "collection movers" out there, upon reviewing the 1099-K I provided him, my tax accountant painfully pointed out to me that "Prior to 2022, for most of the country, the sales threshold was $20,000, but it differed in a couple of states. Now, it will be $600 across the board, regardless of the number of individual transactions. This change was part of the American Rescue Plan Act passed in March and took effect on Jan. 1, 2022, for tax year 2022." Ughh!!! The 'deets here: https://www.uschamber.com/co/run/financ ... dar%20year

This should probably be its own thread, but my understanding is that Paypal etc. will send you the tax form if you hit or exceed the limit in G&S transactions (or the Vemo equivalent). Based on this I am exclusively taking payment in F&F on Reddit starting this year. I have not actually independently verified this, though, so someone who is an expert probably should.

Items sold at a loss versus their original purchase price are not subject to 1099K taxation. The law does not "double tax" people once on sales tax, and again when you sell it (as income tax). The reporting change is meant to better account for primary or secondary profit-generating sources being conducted through electronic transactions, such as PayPal. It's income. It's now taxed like income.

But most watches are sold at a loss. That's the nature of almost anything used, actually. And that's why you can write off, and stay tax free, on any of the Goods & Services transactions that are a net loss to you.

Example:

I buy a $900 couch 3 years ago and sell it for $700. I am over the $600 reporting limit and will get a 1099 from PayPal. But this was a $200 loss for me. No tax.

I but a $900 watch 3 years ago and sell it for $1100. That's over the $600 reporting limit. I also made $200 of profit. That's income and you would be taxed on the $200 as income.

[BillionaireDoors]

Up to 30% back in credit at Touch of Modern.

[PetWatch]

DEFINITELY not a deal, quite the opposite actually! For all of you/us flippers and "collection movers" out there, upon reviewing the 1099-K I provided him, my tax accountant painfully pointed out to me that "Prior to 2022, for most of the country, the sales threshold was $20,000, but it differed in a couple of states. Now, it will be $600 across the board, regardless of the number of individual transactions. This change was part of the American Rescue Plan Act passed in March and took effect on Jan. 1, 2022, for tax year 2022." Ughh!!! The 'deets here: https://www.uschamber.com/co/run/financ ... dar%20year

This should probably be its own thread, but my understanding is that Paypal etc. will send you the tax form if you hit or exceed the limit in G&S transactions (or the Vemo equivalent). Based on this I am exclusively taking payment in F&F on Reddit starting this year. I have not actually independently verified this, though, so someone who is an expert probably should.

Items sold at a loss versus their original purchase price are not subject to 1099K taxation. The law does not "double tax" people once on sales tax, and again when you sell it (as income tax). The reporting change is meant to better account for primary or secondary profit-generating sources being conducted through electronic transactions, such as PayPal. It's income. It's now taxed like income.

But most watches are sold at a loss. That's the nature of almost anything used, actually. And that's why you can write off, and stay tax free, on any of the Goods & Services transactions that are a net loss to you.

Example:

I buy a $900 couch 3 years ago and sell it for $700. I am over the $600 reporting limit and will get a 1099 from PayPal. But this was a $200 loss for me. No tax.

I but a $900 watch 3 years ago and sell it for $1100. That's over the $600 reporting limit. I also made $200 of profit. That's income and you would be taxed on the $200 as income.

Save your receipts.

Sent from my SM-G950U using Tapatalk

[MoT]

Watches.com emailed a discount code because of an email error. Code 316ERROR takes 16% off your purchase. I tested it on this cool Electricianz.



The Electricianz Cable Z - Blue
Sale: $247.80
Retail: $295
Watches.com: https://www.watches.com/collections/the ... -a1a-04-ns

[Boourns]

They carry RZE watches, which I know several here are fans of. The Fortitude in gray comes in at $503.16 from $599.

https://www.watches.com/products/rze-fo ... 2753439833

[DuckaDiesel]

Seiko Monster SRPG57 Antartica Special Edition for $283 OTD is a great deal.
Steel bezel monster with a textured dial make up for the odd date magnifier.




https://www.greentoe.com/product/Seiko_ ... ZUtqH62Uyw


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[nicegator]

Pretty good deal on Watchstation:
Up to 60% off select styles.
Works in conjunction with 25% for subscription - tested.
https://www.watchstation.com/en-us/flas ... t=WATCHSTN

Evergreen Zodiac ( ironically, in Blue or Black)
Price $425.00
Sale with code $123.75

I got this One Eleven solar,
Steel, hardened mineral crystal, 100m WR, screw down crown, cool strap, solar Seiko movement, lume, all in Field style - really hard to resist for this price.
Price $125.00
Sale with code $26.25
https://www.watchstation.com/en-us/prod ... E2030.html

Still thinking about this one, really cool looking, also solar
Price $85.00
Sale With code $28.50
https://www.watchstation.com/en-us/prod ... E2056.html

Don't forget about your favorite cashback source - I know, I did

[Extendedpizza]

Watch gecko has a St. Patrick's Day sale.
https://www.watchgecko.com/other/specia ... 1d0919c2a4

[nicegator]

Geckota flash sale:
https://www.geckota.com/collections/sal ... 1acd199e4d

[BillionaireDoors]

Seiko Monster SRPG57 Antartica Special Edition for $283 OTD is a great deal.
Steel bezel monster with a textured dial make up for the odd date magnifier.




https://www.greentoe.com/product/Seiko_ ... ZUtqH62Uyw


Sent from my iPhone using Tapatalk Pro

I owned a very similar model. $283 is a steal.

If you have a lot of receipts to organize, buy this exact scanner from Sam's Club. The secret is the software that exports them into an Excel sheet. I finished scanning 650 receipts for last year.

https://www.samsclub.com/p/epson-workfo ... od23950100

[dumberdrummer]

Seiko Monster SRPG57 Antartica Special Edition for $283 OTD is a great deal.
Steel bezel monster with a textured dial make up for the odd date magnifier.




https://www.greentoe.com/product/Seiko_ ... ZUtqH62Uyw


Sent from my iPhone using Tapatalk Pro

Baby Tuna version available for just a few bucks more!

https://www.greentoe.com/product/Seiko_ ... X9EALw_wcB

[Extendedpizza]

Seiko Monster SRPG57 Antartica Special Edition for $283 OTD is a great deal.
Steel bezel monster with a textured dial make up for the odd date magnifier.




https://www.greentoe.com/product/Seiko_ ... ZUtqH62Uyw


Sent from my iPhone using Tapatalk Pro

Thanks for the post on the frost monster. Had to take advantage and bought one for myself.

[The Sultan of SoWhat]

Solar-powered Fossil watch at their outlet with an extra 25% off (no coupon needed) + another 15% off with coupon "VIP15."

Screen Shot 2022-03-17 at 7.21.10 PM.png (25.05 KiB) Viewed 2982 times

https://www.fossil.com/en-us/products/s ... Q2664.html

[TimePeace]

Seiko Monster SRPG57 Antartica Special Edition for $283 OTD is a great deal.
Steel bezel monster with a textured dial make up for the odd date magnifier.




https://www.greentoe.com/product/Seiko_ ... ZUtqH62Uyw


Sent from my iPhone using Tapatalk Pro

Thanks for the post on the frost monster. Had to take advantage and bought one for myself.

Did the same. Thanks!