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ntslash

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Everything posted by ntslash

  1. Yeah, but it's room noise on vinyl, so it sounds better than normal room noise!
  2. My copy just arrived. I still have no idea what the hell this release is. Is it worth listening to this?
  3. A couple record shop owners I know both said 20k+ pressing number. I have no idea how they got that info. Given that the Tool preorder announcement page specifically links to Amazon, I'm guessing that Amazon will have plenty.
  4. Very sad news. "What about Mark Lanegan?" has always been my go-to response when someone says that Eddie Vedder is the only one left from the glory days of grunge. Now I don't know what I'll say.
  5. This song really rips. I pre-ordered the Heat Death variant. Thanks for posting!
  6. $50 sale price = $50 in revenue $31 original purchase price + $10.50 seller fees + $5 shipping costs + $2 packaging + $4.50 mileage write-off for trip to post office = $53 expense Looks like a $3 loss to me!
  7. I don't know. Just change your handle to Derek's Record Shop and call it all business income!
  8. That's a great question and one that's probably open to interpretation. My answer would be: what's your primary motivation for most of your sales? If it's profit, then it's business income. If it isn't for profit, then it's not business income.
  9. Simple answer: You can't deduct expenses associated with your hobby. But you don't have to pay self-employment tax on the income, so that's a plus.
  10. Yup, waiting for your preorder sucks. I have to wait 5 months for a new couch and 7 months for a new car right now. And I have to wait another month or so for a Jerry Cantrell record. Fortunately, I have another place to sit, another car to drive, and tons of other records to listen to. Not to mention I can stream this album as much as I want for $10 a month. Meanwhile, there are millions of kids who have no idea when they are getting their next meal. But not knowing when my Jerry Cantrell album is going to ship is brutal.
  11. Here is a simple test: if you are selling to make a profit, report as business income. If you are selling to clear shelf space for more new records, report as personal income. If you wait in line for 6 hours at RSD and buy 25 titles to flip for a 50% profit, you can make a clear business case. If you sold a copy of Rumors that you listened to 75 times over the years for $20 so you could buy something else for your collection, then that's not business income and you probably shouldn't write off the $8 you spent on the record.
  12. You should probably delete this post. If the IRS sees this, you will owe the government money. You can't sell 10k worth of stuff without paying any taxes on it. At least not legally. The new law doesn't mean you now have to pay taxes on these sales. This has always been the case. The new law just changes the requirements for companies like PayPal and Venmo in terms of who gets a 1099 and how they have to report things.
  13. According to the Target app, these are the items similar to this product: Bounty Paper Towels Bananas Charmin Ultra Soft Toilet Paper
  14. Yes, they will put the net amount they paid to you on the 1099 form.
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