BreaKBeatZ

Here are the last 4 I have that are on The Wiz's list. This was fun for me, but made me realize how many inserts I'm missing lol. 

Coming up are 6 Color Dreams / Bunch Games pics. I actually own a CIB copy of every Color Dreams and Bunch Games release, but many of them either aren't on The Wiz's list or are a different variant than he has.

19 minutes ago, Mr. CIB said:

@BreaKBeatZ thank you for sharing. Do you mind letting us know what the code is for the registration cards? Thanks again

Yep, CAP-NES-US-5

Taking some more pics of some other games now too

Here are pics of 5 games that are complete according to the list. I'm sure I have more and will check their contents later. I need to add them one at a time due to file size.

I never even knew people could retract bids.

On 5/22/2021 at 1:26 AM, Sir Centroid said:

Over the next few months, Fragile Dreams: Farewell Ruins of the Moon on Wii is going to start pushing towards $300+ for a CIB copy and around $800+ for a sealed copy. Please, feel free to quote me.  Crimson Tears on PS2 is looking like it's on track to where I predicted it would be as well. Last disc only copy sold for $60. There is a disc only copy for $35 with no bids though, so that's interesting. I could also see Legend of the RIver King on Ps2 pushing $40-$50 for a CIB copy by the end of the year.

MJR had Crimson Tears on a PS2 hidden gems video many years ago. I bought it and played through the game back then. It was decent but nothing special. I have never heard one other person mention it until now

I was going to try to get this garbage condition Donkey Kong Jr., but for some reason it sold for $456? What the hell ?

https://www.ebay.com/itm/194102337114?_nordt=1&orig_cvip=true&nordt=true

Empire of Sin

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.

37 minutes ago, MiamiSlice said:

IT'S BEAUTIFUL

OOOHHHHH! I don't see this on LRG.com though, even as coming soon. Where did you find this?

On 4/4/2021 at 8:17 PM, ThePhleo said:

I’m predicting a hard turn into PS1/PS2, especially series like Resident Evil, Castlevania, Final Fantasy, Crash, Spyro, Metal Gear, Ratchet and Clank, Gran Turismo, Tekken, Grand Theft Auto, God of War, and Devil May Cry.

Theyre largely untapped libraries with huge amounts of “first” titles.

Nintendo was king for a while, but Sony has been on top since 1995. It’s time to let them shine.

Gran Turismo, GTA 3, and God of War have all sold for over $10,000 sealed and 9.8 WATA graded

8 hours ago, fcgamer said:

So will this new method go into effect when? 2022?

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

3 hours ago, jonebone said:

Don't freak out about it, its pretty simple tax wise.  You should at least be running a spread sheet tracking what you sell things for that would match eBay.  

Let's say you sold $1,000 worth on eBay and are frustrated you tripped the $600 breaker.  

Then deduct cost of goods sold, lets say $500.  Then deduct eBay fees, say $100.  Then deduct shipping, say $50.  So you'd only be taxed on $350 of the $1,000 as "profit".

You can also deduct ink, paper, gas to post office, "home office" (raises red flags though), depending on how creative you want to get.  I'm not a tax professional but unless you running numbers to show a loss (more deductions than total sales) or doing extemely high numbers (6 figures plus), your audit risk is zero.  

End of day, it's an annoyance sure, but it's not tax based on your total sales which you seem to imply.  

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?

2 hours ago, cromag27 said:

that would be fraud. 

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.

44 minutes ago, cromag27 said:

 

no way to switch, i've already inquired.  they now get to choose.

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.

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%2C and 

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.

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