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Thread Number: 45184
/ Tag: 50s/60s/70s Vacuum Cleaners
Selling at Antique Malls? |
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| Post# 468230 , Reply# 1 12/22/2023 at 11:13 by Human (Pines of Carolina) | ||
I've been considering that as a way to dispose of my late father's toy collection, most of which is presently residing in a rented storage unit at $200 a month. I was selling it piecemeal on eBay, but there's just too much of it, and there's now too many hands grabbing for a piece of that pie. The death blow on that venture was the IRS, which now requires a 1099 to be issued for annual sales over $600. It used to be $20,000. Because I didn't buy any of that stuff, I can't use the expense of acquisition to offset the tax. Of course, I'd have that issue, regardless of how I sold it, short of collectors coming to the storage unit and paying me in cash. While the antique mall thing is appealing, my other option I've thought of is to have a big ass auction and get rid of enough stuff all at once to at least get out from under the expense of the storage unit. Either way, this 'bequest' from my father has turned into an albatross around my neck.
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Post# 468233 , Reply# 2 12/22/2023 at 13:25 by Gottahaveahoove  (Pittston, Pennsylvania, 18640) |
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I've bought a few | ||
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Post# 468234 , Reply# 3 12/22/2023 at 13:36 by JustJunque (Western MA) |
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Post# 468235 , Reply# 4 12/22/2023 at 13:45 by Gottahaveahoove (Pittston, Pennsylvania, 18640) |
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There are a few around here | ||
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Post# 468236 , Reply# 5 12/22/2023 at 13:46 by Gottahaveahoove (Pittston, Pennsylvania, 18640) |
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I've gotten beautiful | ||
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Post# 468264 , Reply# 6 12/23/2023 at 22:31 by texbodemer (Mountlake Terrace) |
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I've been consigning | ||
| Post# 468284 , Reply# 9 12/26/2023 at 09:28 by dysonman1 (the county) | ||
Most people who rent a space and "sell" at an antique mall really want the monthly expense of the booth as a write off on their taxes. Many people expect to lose money when they factor the cost of the goods as well. The profit from selling a vacuum is quickly lost when considering all the expense of buying the item, cleaning it, taking it to the antique mall, setting it up, and then never selling it - but having to pay also pay the monthly 'fee' for your space. Big time tax write off.
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| Post# 468373 , Reply# 10 12/30/2023 at 13:53 by Paul (USA) | ||
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Good feedback, thanks everyone; may I'll just stick with Craigslist. | ||
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Post# 468376 , Reply# 11 12/30/2023 at 14:23 by Kloveland (Tulsa) |
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My aunt and I went in together on a booth. My vacs are pretty reasonably priced. She would not go in on it to lose money.
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Post# 468395 , Reply# 12 12/31/2023 at 18:27 by Kloveland (Tulsa) |
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600 dollar rule
The IRS put it off another year and raised it to $5,000. Probably had a lot of pushback. I recently learned this myself.
CLICK HERE TO GO TO Kloveland's LINK | ||
| Post# 468397 , Reply# 13 12/31/2023 at 21:29 by Lesinutah (Utah) | ||
That
Pushback happened right after they announced it would go into effect in 2024.
It's not like the government taxes us on everything we buy. Checks, groceries, gas, cars, every good. If you look at it they're taxing out paychecks atleast twice. When you get the check and when you buy something with the money from your check it's taxed again. Imagine we fought a revolutionary war for 10% tax. | ||
| Post# 468439 , Reply# 14 1/3/2024 at 13:25 by Paul (USA) | ||
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Thanks for the info., Kenny. | ||
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Post# 468442 , Reply# 15 1/3/2024 at 13:39 by gottahaveahoove (Pittston, Pennsylvania, 18640) |
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I've actually had some luck with those malls | ||
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