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Everything posted by ntslash
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Selling records and the new tax law
ntslash replied to LIGMA_BALLZ's topic in Vinyl Collective Message Board
Yes, they will put the net amount they paid to you on the 1099 form. -
This was exactly as described and far exceeded my expectations.
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Selling records and the new tax law
ntslash replied to LIGMA_BALLZ's topic in Vinyl Collective Message Board
Not true. PayPal explicitly stated that this is for Goods and Services transactions only. https://newsroom.paypal-corp.com/2021-11-04-New-US-Tax-Reporting-Requirements-Your-Questions-Answered -
Selling records and the new tax law
ntslash replied to LIGMA_BALLZ's topic in Vinyl Collective Message Board
Discogs should add a field so you can record how much you paid for a record and upload a receipt. -
Selling records and the new tax law
ntslash replied to LIGMA_BALLZ's topic in Vinyl Collective Message Board
The odds of being audited are very very small unless you make a big mistake or do something obviously suspicious. Just be as honest as possible. You don't have to provide proof on your actual tax forms, but you will if you are audited. -
Selling records and the new tax law
ntslash replied to LIGMA_BALLZ's topic in Vinyl Collective Message Board
If your total sales are over $600, they will send you a 1099-misc at the start of 2023. Technically speaking, you should always pay taxes on any income you have. Most people just don't do it unless there is an official document. -
Selling records and the new tax law
ntslash replied to LIGMA_BALLZ's topic in Vinyl Collective Message Board
Keep in mind here that you only have to pay tax on the profits you make. You'll file this as self-employment tax. If you sell $1,000 worth of shit in discogs but you paid $900 for it, you only owe the government taxes on the $100 in profit. You'll report $1000 in sales and $900 in expenses. Edit: you might need to file this as capital gains tax. Records likely fall under collectibles here, in which case your net gains are taxed at 28% regardless of income bracket. Fun stuff. What this really means is that prices are going to go up to make up for the additional hit to profit. -
I converted my collection to NFTs, so I don't have anything on preorder. Everything I buy is delivered instantly.
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Nirvana - Nevermind restock
ntslash replied to watchmesink's topic in Vinyl Collective Message Board
I have a sealed copy with a bent corner that someone can have for $6 to cover shipping and fees. PM me and it is yours. -
Audioslave - Revelations SK pressing
ntslash replied to Kannon31's topic in Vinyl Collective Message Board
Are these still for sale anywhere? I didn't buy it at first because I read several reports that it was a boot. Now it seems like it's official, although I find it strange that a release from a band as popular as Audioslave would fly under the radar like this. -
Soon? The Mars Volta
ntslash replied to At The Mars Spartamasque's topic in Vinyl Collective Message Board
My replacement arrived last week and sounds much better. -
Dammit, there was a pube release? I missed that one!
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This is spot on. I really wanted the Fillmore pressing but balked at the price. Now it's 5x the price and I am really regretting my decision not to buy.
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Cheaper than I expected. I was hoping they would do an alternate album cover for this one, but I went ahead and ordered.
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I'm calling $60 plus shipping for a single LP.
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Got my copy from Plaid Room last night. I've listened to Kid A and Amnesiac but not the bonus disc. No issues with pops or sibilance for me on either disc. This definitely sounds better than my OG 10" copies, most notably on Idioteque and Pakt Like Sardines. Really brought out sounds I'd never noticed before, which is saying a lot given how many times I have listened to these albums.
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PO: Lucy Dacus - Home Video
ntslash replied to lexicondevil's topic in Vinyl Collective Message Board
$51 shipped. Glad I just bought a copy of the standard black for $18 or I might have been tempted by this. -
Did anyone else get this email from Port of Sound regarding the status of the red vinyl? I thought the delays were all on the black version: Reaching out to you in regards to your order. Due to manufacturing delays your item will not be shipped until 2nd week of Dec Possibly sooner. The item has been secured from label for your order, we are now just waiting for the item. THIS IS NOT A CANCELATION EMAIL. If You would like to cancel your order please let us know. We are so sorry for the delay and inconvenience this may cause.
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PO 07/21: Iron Maiden - Senjutsu
ntslash replied to TheGhostOfRandySavage's topic in Vinyl Collective Message Board
My opinion is about the same as yours. I enjoyed listening to it, but it wasn't memorable and I'm not sure I have the patience to sit down and listen to it again. -
Spiritbox Thread: PO Now Eternal Blue
ntslash replied to daegor's topic in Vinyl Collective Message Board
I'm sure that 12 more variants will pop up soon. -
Marilyn Manson Reissues?
ntslash replied to cahernandez312's topic in Vinyl Collective Message Board
This comment just broke my sarcasm detector!- 271 replies
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