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About BreaKBeatZ

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    Level 3 - Glass Joe

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  1. I don't understand how they justify collecting taxes on items that increased in value but not deducting those that decreased. For example, If I bought a new car for $20k and sold it 10 years later for $5k, why can't I deduct that? How is that different? I'm sure there's some explanation, but it seems wrong to me.
  2. OOOHHHHH! I don't see this on LRG.com though, even as coming soon. Where did you find this?
  3. Gran Turismo, GTA 3, and God of War have all sold for over $10,000 sealed and 9.8 WATA graded
  4. Earlier for some states. Unfortunately, it's in effect for my state (Maryland) in 2021. https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794
  5. Thanks for the info. Although I keep track of what I paid for games, actually finding proof of those expenses would be extremely time consuming. Would I only need to do that if I get audited?
  6. I know. But this is BS. I can't deduct things like my electric bill, internet, gas, and other business expenses. I also can't show a deficit because my direct expenses (total amount spent on video games in 2021) exceeds my income from selling video games in the same year. Absolutely horrible.
  7. I wonder if changing my address to a non-Maryland state will work. Being taxed on this is total BS because I spend more than I sell on the hobby but can't deduct that. And of course, I can't provide a cost basis for games I sell, but it's usually for around what I paid for them.
  8. I was just looking at eBay, and noticed that I am going to get a 1099 for having $600 or more aggregate sales in 2021 since I live in Maryland. That's a hell of a lot lower than the $20,000 limit from PayPal. Has this been discussed already somewhere else, because I'd love to hear people's opinions about it and if there's a way I can switch back to using PayPal to receive payments and avoid this. Link: https://www.ebay.com/help/selling/fees-credits-invoices/ebay-form-1099k?id=4794#:~:text=eBay and Form 1099-K,-If you're&text=We'll provide you with,%2420%2C000 in gross payments%
  9. Here are 36 games I would like to buy. I'm only interested in CIB copies. Please shoot me a message if you're selling. Adventures of Batman & Robin Bio-Hazard Battle Bubble and Squeak Burning Force Chiki Chiki Boys Dynamite Duke El Viento Flicky Forgotten Worlds Gaiares Growl High Seas Havoc Insector X Lightening Force Marvel Land Mazin Saga Mutant Fighter Phelios Road Rash R
  10. I'm very surprised no one has said The Last of Us yet. Is that too generic of an answer?
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