Everything this guy says kind of flies in the face of a lot of info guys on here have been stating?
Multiple guys here saying you only owe taxes on the PROFIT you make when selling gear? Not according to this guy……
At least his trouser’s properly fit
Ok.. being serious here. So if sell an amp for 2k and dont have any receipts but I know I paid 1100 used. Sure I can write on a piece of paper that I joe Schmoe sold Phil this amp for 1100 but will the IRS accept that as an official receipt so I will only pay on the gains? Has anyone actually done this with their taxes and been ok? According to this guy that wont fly......
Yeah, I just wrote them today to inform them I won’t be supplying them my SSN and they could block or close my account. I’m over it.What’s just as bad is Reverb reads you PM’s.
Anybody get contacted by them yet about them somehow suspecting something?,
-or just informing you with a new agreement???
Done.
They’re acting like big bank babies, they take
a fiber, then it turns into a lamb chop, etc
-now our f’n privacy is their business.
Now I’m officially out.
that’s not what I gathered from that at all. If you are a private party you cannot deduct a personal purchase at all.l, and you are taxed on the selling price. The receipts would only be applicable for legitimate businesses.Ok.. being serious here. So if sell an amp for 2k and dont have any receipts but I know I paid 1100 used. Sure I can write on a piece of paper that I joe Schmoe sold Phil this amp for 1100 but will the IRS accept that as an official receipt so I will only pay on the gains? Has anyone actually done this with their taxes and been ok? According to this guy that wont fly......
I concur.Did this guy just pass the bar last week? He comes off like he has no clue what he's talking about and just reading from a wikipedia article.
You'll notice that in the video you never see the color of his pants...When I read Blues Lawyer I thought I clicked on The Gear Page by mistake. That place is full of them.
My money is on Tan....You'll notice that in the video you never see the color of his pants...