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#1
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As someone already mentioned, the hardest part is being both a collector AND dealer. It is very difficult to do both and keep them separate. The dealer side sees a nice breakup value in a lot, but when you get them in, the collector side thinks, "hmmm... these are nice, I think I'll keep them awhile!" Not to say you can't do both - it is just difficult.
I would strongly advise that you start "fresh" as a dealer, though - don't mix in the cards from your personal collection if possible. It is very difficult to reconcile taxes and records when you "deal" a card that was in your personal collection for years and didn't purchase it as a dealer. Keep diligent receipts of everything you spend - not just on cards, but travel to set up at shows, selling fees (eBay, PayPal, Auction Houses, etc.), etc. Good luck! Mark
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Recent transactions with: Leon, LukeLyon, wilkiebaby11, KC Doughboy, robbessette, JollyElm, jimmivintage, benderbroeth, JManos, Haybag, Northviewcats, Sean1125, Clydepepper, hangman62, simas7173, pencil1974, Nappy1525, T206Collector, h2oya311, 25801wv, sycks22, tolstoi, sebie43, JasonD08, Brian Van Horn, bcbgcbrcb, Lordstan, Frankbmd, jasonc, markf31, mybuddyinc, kailes2872, mintacular, campyfan39, Cat, Jcfowler6, sam9795, chaddurbin, 39special, vtgmsc, jdl7860, 4815162342, 71buc, Lgarza99, etc. |
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#2
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Want to be a part time dealer?
http://www.comc.com/Promotions/Port_Sale Start by making offers there. No messy sending packages all over the world. COMC does it for you. http://www.blowoutcards.com/forums/e...cesses-14.html
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-- PWCC: The Fish Stinks From the Head PSA: Regularly Get Cheated BGS: Can't detect trimming on modern SGC: Closed auto authentication business JSA: Approved same T206 Autos before SGC Oh, what a difference a year makes. Last edited by swarmee; 10-18-2015 at 01:12 PM. Reason: another link |
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#3
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Tony Gordon is a part time dealer in the Chicago area and writes a blog about his experiences - http://www.fatdaddyssports.com/blog - if you read it you will learn about bad hotels, good eats and buying/selling cards.
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#4
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Hi Guys,
I don't know the exact tax rules. I keep very precise records and turn them over to my tax preparer every year. Thanks for the tip on the blog. I spent an hour reading it and I am looking forward to reading the Archived items. I met Tony at the National and I am hoping to make it up to his Clarion show in Milwaukee. Rick
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Rick McQuillan T213-2 139 down 46 to go. |
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