I used H&R Block Small Business last year. It walks you through everything. You need to add up your cost of goods and any other deductible expenses like mileage.horhay86 wrote: ↑Tue Dec 31, 2019 9:27 amAny comments on how Ebay and taxes work?BillionaireDoors wrote:Year End Total: $250,000 in sales on eBay and Amazon combined.
I haven't calculated the profit yet. I'm currently working on scanning my receipts for the year. Sam's Club has this scanner with free receipt software for $99.
https://www.samsclub.com/p/epson-workfo ... ance.rr0_1
I'm apparently getting a tax form this year.
Unsure whether they want us to pay taxes on all sales or just profit.
Gotta do some research as well ha figured to ask.
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Rolex Flip Challenge
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Re: Rolex Flip Challenge
Re: Rolex Flip Challenge
Thanks!BillionaireDoors wrote:I used H&R Block Small Business last year. It walks you through everything. You need to add up your cost of goods and any other deductible expenses like mileage.horhay86 wrote: ↑Tue Dec 31, 2019 9:27 amAny comments on how Ebay and taxes work?BillionaireDoors wrote:Year End Total: $250,000 in sales on eBay and Amazon combined.
I haven't calculated the profit yet. I'm currently working on scanning my receipts for the year. Sam's Club has this scanner with free receipt software for $99.
https://www.samsclub.com/p/epson-workfo ... ance.rr0_1
I'm apparently getting a tax form this year.
Unsure whether they want us to pay taxes on all sales or just profit.
Gotta do some research as well ha figured to ask.
Sent from my Pixel 3 XL using Tapatalk
Sent from my Pixel 3 XL using Tapatalk
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Re: Rolex Flip Challenge
Haven't posted an update in a while. Sales to date on Amazon are over $22k, which is more than the same period last year.
This month I spent $3000 on Nikes and $6500 on bras to sell on Amazon. That should make me around $5000 profit.
This month I spent $3000 on Nikes and $6500 on bras to sell on Amazon. That should make me around $5000 profit.
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Re: Rolex Flip Challenge
Thank you BD for this sweet Waterbury. I haven’t had a leather NATO before, and it is good to be able to try it one. So quiet compared to a scout. Thank you so much!
Re: Rolex Flip Challenge
@BillionaireDoors is this you?
https://www.nytimes.com/2020/03/14/tech ... llers.html
Kidding.
I know it's not directly related to this challenge, but figured it fits in to this model if some sort.
If it shouldn't be here it can be moved
Let's be Instagram friends @bbrou33
https://www.nytimes.com/2020/03/14/tech ... llers.html
Kidding.
I know it's not directly related to this challenge, but figured it fits in to this model if some sort.
If it shouldn't be here it can be moved
Let's be Instagram friends @bbrou33
Insta me: bbrou33
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Re: Rolex Flip Challenge
For the record, I have sold ZERO items related to the virus.Bbrou33 wrote: ↑Sun Mar 15, 2020 11:16 am @BillionaireDoors is this you?
https://www.nytimes.com/2020/03/14/tech ... llers.html
Kidding.
I know it's not directly related to this challenge, but figured it fits in to this model if some sort.
If it shouldn't be here it can be moved
Let's be Instagram friends @bbrou33
Note: It's possible that somebody figured out that a $60 bra was cheaper than 2 3M face masks.
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Re: Rolex Flip Challenge
Here are a couple of current flips you might want to try.
1. Nintendo Switches are getting hard to find. If you have one you aren't using, now is the time to sell. Certain accessories and games are also hard to find.
2. New basketball card release this week. Panini Mosaic. Available at Walmart, Target, Meijer, etc. The packs sell for 2-3X retail on eBay. Stores will be restocking over the next few weeks. Then they will be gone forever. You can probably hold on to them a while and sell them for 4X in the next few months.
1. Nintendo Switches are getting hard to find. If you have one you aren't using, now is the time to sell. Certain accessories and games are also hard to find.
2. New basketball card release this week. Panini Mosaic. Available at Walmart, Target, Meijer, etc. The packs sell for 2-3X retail on eBay. Stores will be restocking over the next few weeks. Then they will be gone forever. You can probably hold on to them a while and sell them for 4X in the next few months.
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Re: Rolex Flip Challenge
[mention]ManOnTime[/mention] See how the forum turned the word "flips" into a link? Click on it. Oops!
Re: Rolex Flip Challenge
vglink partially works based on the particular reader's browsing history.BillionaireDoors wrote: ↑Sat Apr 25, 2020 11:06 am @ManOnTime See how the forum turned the word "flips" into a link? Click on it. Oops!
"flips" isn't a link for me.
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Re: Rolex Flip Challenge
It goes to a site selling AR-15 parts, and I have never had any interest in such things. FYI.ManOnTime wrote: ↑Sat Apr 25, 2020 11:08 amvglink partially works based on the particular reader's browsing history.BillionaireDoors wrote: ↑Sat Apr 25, 2020 11:06 am @ManOnTime See how the forum turned the word "flips" into a link? Click on it. Oops!
"flips" isn't a link for me.
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Re: Rolex Flip Challenge
Flips not a link for me, only Target and it goes to target.com.
Re: Rolex Flip Challenge
Takes me to the crocs website for women's sandals... Wtf?
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Re: Rolex Flip Challenge
Who found Mosaic packs?