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Michael d, the odds are good that anyone with a sales volume like yours would get some interesting addresses but that FoxFire buyer takes the cake. You’d think any survivalist worth their salt would already have the set but who knows, maybe they wore their copies out! I am part time, low volume but have many foreign sales. I always Google Map the addresses. Often the street address won’t register in a search but I can at least get the town or city. The most interesting lately have been the Israelis – I had 5 or 6 sales there in 2016. I had stuff go to Beersheba in the southern desert, a couple things to seacoast cities like Ashdod, and one item go to a communal settlement called Shimshit, north of Nazareth.01/04/2017 at 1:30 pm in reply to: What Sells On eBay: Souvenir photo, Easy Bake Oven, Civil War Reenactment boots, Under dash 8 Track Deck, Coffee pots #9553
Another excellent and informative video, Steve, thanks! I remember one of my younger sisters getting an Easy Bake Oven for Christmas in the mid-60’s. I was the dutiful older brother and bravely ate the resulting product. Even for a growing tween who’d eat just about anything and like it, I found it inedible. To my credit I kept my opinion to myself.01/03/2017 at 10:59 am in reply to: Scavenger Life Episode 291: Our New Years Trash Elf Goals #9460
I am using Easy Auctions Tracker for the first time for 2016 and I like it. I don’t use all the features but I think it will still simplify tax prep. Keeping eBay as a hobby works for me now as well for the reasons you note plus I cannot operate a business or have a business license at my present residence anyway. I haven’t run the numbers exactly but I feel that financially it’s pretty much a wash for me at under $10K a year gross, the additional costs and trouble of a business against the 2% floor disadvantage of a hobby.01/02/2017 at 9:31 pm in reply to: Scavenger Life Episode 291: Our New Years Trash Elf Goals #9433
Christine – good for you on working the death piles! I’ve got some… still untouched though I hate the thought of having to box them up for the upcoming move.
My intent is not to discourage you from ramping it up as a business but I believe that IRS guideline you refer to is used only in the context of a taxpayer desiring to report an activity as a business. If an activity shows a profit for three years then the IRS will presume it is not a hobby and not challenge a taxpayer’s reporting it as a business. The guideline is only for defensive use by the taxpayer, so to speak. The IRS won’t challenge reporting as a hobby but it will challenge reporting as a business if it thinks it’s a hobby. That’s because a business can deduct a net loss against other income and even carry forward but with a hobby any loss over hobby income is lost forever and most hobby expenses are also subject to the 2%-of-AGI floor. The IRS gets more money when it’s reported as a hobby (like I do, BTW) and happy to have it.
Hi Christine – I started out as a Coast Guard JAG being reassigned to something completely new every couple years and continued the habit of retooling periodically in civilian practice afterwards so I did a lot of different things. Most recently before I retired I was mainly in business practice including trademarks with some estate planning and probate thrown in.12/26/2016 at 6:32 pm in reply to: How do I change handling time while a buyer hasn't paid up? #8834
I have wrestled with this before myself. I’m a small volume seller so am also sensitive to even one ding on handling time. I typically change my handling time at least a day ahead of my trip to give myself a cushion and I also start taking additional care about accepting offers as it gets close. How far ahead I change handling time depends on the nature and length of the trip and with offers, I’ll again look at the trip and also the type of item to consider the chances of a slow pay, whether it’s easy to take with me and I’ll have shipping label access, etc. I agree with Ryanne that for your metrics you are stuck with the handling time in effect at the time of sale.
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- This reply was modified 5 years ago by Temudgin.
Wow! That was fast – congratulations! I was trying to figure out how to do something this morning and did a key word google search limited to scavengerlife.com for some information on a topic from a previous discussion. The keywords brought up the link on Google but when I went there, the discussion was gone. Am I missing some link to get to the discussions or are they gone forever?