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I’ve absolutely told a buyer I won’t engage with them because they leave too many negatives.
Go ahead and tell them. Some buyers need to know their actions have consequences.Items in Store 1068
Items Sold 9
Total Sales $378.00
COGS $34.00
Total Profit $344.00
Average profit $38.22
Average sales price $42.00
New Listings 0Terribly slow week. A $180 pair of cordovan shoes saved me.
I did sell a $2800 pinball, but the buyer is having payment issues. I don’t think that one is going to happen so I didn’t inlclude it in my numbers.We had the baby on Wednesday night. A happy healthy little boy! Needless to say, I haven’t really done much ebay since. I’m working from home for day job today, which is a nice luxury to have. I’ll be able to stay home for a week and a half and I have used only a single day of leave.
I know it is scary to consider, but you might consider selling it as new but take it out of the package. Photograph the lure with the pieces of the carefully opened package beside it.
04/17/2019 at 11:12 am in reply to: My ebay Income is about 50% less YOY from 2018 than expected #60386About what I have now. I’ve been floating between 1000 and 1100 a while now.
04/17/2019 at 10:54 am in reply to: My ebay Income is about 50% less YOY from 2018 than expected #603811/1/18-4/16/18
$8742.90 on 288 sales1/1/19-4/16/19
$11632.34 on 307 sales
(skewed by $2500 sale, so adjust to $9132.34)I’m actually quite surprised by these stats.
04/17/2019 at 8:38 am in reply to: Scavenger Life Episode 406: Disposable Income, WTF is that? #60369I did your calculator with just the 41k and the 5 kids in your calculator and turbotax calculator. Zero with holdings in each calculator.
Turbotax calculator showed refund of $8694
H&R Block: $8597
Taxact: $8715
efile.com: $9919 (I believe their earned income credit was higher here) Maybe I should ditch Turbo tax and file here in the future! I like their number.
Jackson Hewitt: $8418.Nerd wallet did tell me $5900. Their calculator is wrong. It does not take the earned income credit into consideration. If they can’t even get that simple thing right I don’t think I’d trust them with my wallet.
In that scenario, you qualify for the earned income credit.
Mine are slow movers too, but I list high. When a heavy coat sells, it is a great day! It is usually a $50-100 sale.
I’ve sold 7 heavy coats in the last 90 days for $191.Looking back further, I see 20 more coats sold dating from late August to the current 90 day period.
So I sold 27 total coats for this season from August 18 to April 19.I sold ZERO coats in May/June/July last year.
I currently have 31 more coats listed, so my sellthrough rate was 47% for the coat buying season this year. 3 of the current coats were recently listed so its more like 50% STR.
So based on my actual data, I would have to recommend you wait until August to list coats.
If you list an item that is desirable and likely to sell within 90 days, then why are you wasting your precious time worrying about a 20 cent a month fee???
List your items for sale and collect money.
List 100 items at 20 cents a listing – $20.
Sell ONE item of that 100 in the month for $20 and you have covered all the fees.In reality you will sell much more than one – more likely 10-20 of them. You can sell even more if the items are desirable and you price right.
Cold locations exist year round somewhere in the world. Hot locations exist year round somewhere in the world.
However, stores do NOT sell seasonal items year round so needy buyers turn to ebay.
Think about it – you are planning an off season trip to the beach. You can’t shop for swimsuits at stores because they don’t stock swimwear in the fall/winter.
Same issue with winter or fall apparel in the summertime. Always have your items available for purchase.
Our cat is toilet trained.
…I wonder if we could get him to use a public toilet on a leash when traveling… 😀04/16/2019 at 2:37 pm in reply to: Scavenger Life Episode 406: Disposable Income, WTF is that? #60326I used this calculator to figure your federal tax liability. Assuming 100000 in pay with 5 kids, your federal tax liability is $0 taking the standard deduction.
Estimated Tax Analysis
Gross income
(subject to personal rates) $90,000
Taxable Pass-Through Income + $0
Traditional IRA contributions – $0
Adjusted gross income = $90,000
Standard/Itemized deductions – $24,400
Taxable income = $65,600
Tax liability before credits
(includes taxes on pass-through income) $7,484
Child tax credits – $10,000
Family tax credits – $0
Estimated tax liability = $0I ran turbotax and H&R block calculators as well putting in more of your likely information. These are worst case scenarios with no deductions other than the standard.
There is 100% something wrong with your taxes. You should have got back every penny PLUS several thousand, because the child tax credit is REFUNDABLE. Your tax burden is zero, but you get back some of the child tax credit as cash money. My assumption is that you did not put in your kids social security numbers and the tax credit wasn’t there. Without the SS#, the tax credit won’t show up.
04/16/2019 at 1:54 pm in reply to: Scavenger Life Episode 406: Disposable Income, WTF is that? #60323It doesn’t make sense that you think the $2k per child credit is worse than personal deduction.
At a 22% tax rate, the $2k credit is the same as a $9090 deduction. Times 5 kids that is a $45454 deduction.
So what am I missing here? How is it that the personal deduction plus the doubled standard deduction is worse?
Your property tax was $9k, so that means you only got to deduct $1k of your state income tax. Is that where they got you? You’re in Ohio, so assuming you lived in Columbus (expensive) and made $165k (I’m shooting for the moon here for worst case), your state tax burden would be just under $6k.
https://smartasset.com/taxes/ohio-tax-calculator#X0VQGyfjTXSo you’d be missing out on deducting $5k there. The child tax credit increase more than makes up for that.
I’m perplexed… I’m don’t know what I’m missing here but I would really like to understand.
I use turbotax home & business and it is way more thorough than the standard turbotax software.
04/16/2019 at 11:10 am in reply to: Scavenger Life Episode 406: Disposable Income, WTF is that? #60290And if your child is 16-23 and a student, you can get a $500 tax credit.
https://turbotax.intuit.com/tax-tips/family/rules-for-claiming-a-dependent-on-your-tax-return/L8LODbx94If your taxable income is less than $75k this is a better deal than the dependent deduction now. If your income is more it’s not quite as good.
04/16/2019 at 11:02 am in reply to: Scavenger Life Episode 406: Disposable Income, WTF is that? #60287Is it possible something is wrong on your return?
The credit for children was doubled to $2k,the standard deduction was also doubled to $24k, the tax bracket % was lowered slightly and the thresholds were slightly raised.
So net you should have come out better unless your kids are older than 16. It is kind of crappy they capped it at 16. Kids aren’t even out of high school until usually 18!The big hiccup was the SALT cap at $10k. Personally, it is mind boggling to my lowly redneck West Virginian brain that anyone would WANT to live in an area with that high of property taxes. I have a 2100 sq ft house in an excellent neighborhood and my property tax for the year is $1200. There’s no way I’d live in an area where I paid $10-20k in taxes a year on the house I own. Thats nuts!
As for the $750k cap on mortgage interest claims? Yeah I have no sympathy for someone who can afford a $750k mortage and its associated interest. Next.
The 20% passthrough deduction for my ebay business doesn’t really mean much. After deductions I don’t make much at all – $30k+ in sales equated to a taxable $1200 income this year. My savings there was like $29. Yay for business deductions!
In the end, my paycheck withholding was lower this year and my refund was double what it normally is. I fell in the sweet spot of maximum return with 4 kids under 16 and due to my low propterty taxes and mortgage interest I always take the standard anyway as it is VERY hard to beat in my area.
04/16/2019 at 10:30 am in reply to: Scavenger Life Episode 406: Disposable Income, WTF is that? #60281Scavenging on the edges is how you keep learning and expanding knowledge too.
When you walk into a thrift that appears to be crap you have a choice:
1. Buy nothing and complain about a lack of inventory supply.
2. Push yourself to expand your knowledge and find the hidden treasures.Once you find enough hidden treasures, they aren’t so hidden anymore.
Once upon a time I would have to look at every single shirt in the mens or womens racks and look up a TON of them. Know I can just glance through with half focused eyes only looking at the collars and exposed sleeves and maybe run my hand across them and find multiple treasures in mere minutes.
Same with shoes: I can tell the good ones just by a glance and a touch before I even see the name brand.
I know there are some folks on here that are this same way with paintings, glass, and pottery. I am not there yet as I don’t really like these categories. Some higher value items still occasionally catch my eye though.
The quality items eventually become obvious to your trained eye.
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