Goldin Vault - Net54baseball.com Forums

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#15

07-27-2021, 11:49 AM

morris_14226 morris_14226 is offline

member

Join Date: Dec 2018

Posts: 118

It�s dependent on were Goldin ships the card. If they ship it to a state without state sales tax, (Texas say) they don�t have to collect state sales tax. If they do ship to a state with sales tax (NY say) they have to collect sales tax. My guess is Goldin�s physical vault is in a state with zero sales tax so when they ship it there they don�t collect sales tax. So when a vault holder sells the card, he just pays tax once on the proceeds of the sale.

You could do the same thing and get an address in a no tax state(Texas) and have the card shipped there.

Again-the issue is how you account for the cash on the sale. In NYS, they specifically ask you if you�ve earned any money outside the state. If you did-you have to claim it.

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