Corey James
Well-known member
To each their own. I don't believe ups is better or worse than fedex. Low wage entry level employees at each company.
BABMusic
Well-known member
Well, except for the fact that it's already been taxed before. Used items should be tax free as you're already losing money most of the time by the fact that you're selling it used. Are you one of the people who support taxing unrealized gains in stocks too?
P
Phoenixbt
New member
I’ve bought and sold on their gear exchange, no problems at all
skoora
Well-known member
My main issue with FedEx is they are always late and the customer support is non existent. Something will be out for delivery for 3 days in a row and CS will just say “it’s out for delivery” like they’re just using the same app you are. No info on where it’s been scanned or at what time.
Omnipotent1
Active member
@BABMusic you have me misunderstood brother I agree with the kid in the video..
That’s how I feel every Bi-week & half year when property taxes are due lol It’s also how I feel every time I buy something used or sell something. I was agreeing with you 
I mentioned knowing a few friends who quit selling through the brokers because of the 1099-K at the end of the year. As far as unrealized gains.. I’ve been heavily invested in the market for the past 15 years.. I’m one of the last cats you would meet that wants to see taxes on unrealized gains. 
Rocker68
Active member
Seems like a win/win positive move then ?????
RedB4Black
Well-known member
View attachment 403178
@BABMusic you have me misunderstood brother I agree with the kid in the video..
Except when you sell something, you have one of three things: a realized gain, a realized loss or break even. You are only taxed on realized gains. This was always the case…. So nothing new except no one reported gains and paid taxes because there was no way for the IRS got know about them as they didn’t have an enforcement mechanism. The 1099-k now allows for such enforcement.
If you have a gain, the it’s money you never paid taxes on, so there is no double taxation to you.
Omnipotent1
Active member
This is correct. The problem is if you dable in the used market nobody ever gives receipts. Or if you are flipping any gear where you lack the original purchase documents & have no way to prove your cost basis that can get very sticky during an audit.. I have a friend who just went through this, & Sam has been putting him through hell.. If you can’t validate your cost basis to their standards they look at it all as unrealized. Surprisingly this is why most people just take the loss & sell to guitar center.. they don’t even issue 1099-k lol