Quote:
Originally Posted by Snowman
No, it's not a taxable event unless you sell it. At least not with respect to income tax. However, if you purchased items on ebay and had them shipped directly to your PWCC vault, which allowed you to avoid paying sales tax on those transactions since they are located in Oregon, then you will have to pay any applicable sales taxes that you previously avoided when they ship those cards back to you unless you have a resale certificate on file with PWCC.
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The idea of their vault is that they want you to leave everthing there in Oregon. That way they figure when you do go to sell, they've got the consignment already. And by leaving all the items in the vault, there is no sales tax issue.
And regarding the resale sales tax exemption certificate, giving one to PWCC doesn't do anything in regards to sales taxes you might otherwise end up owing to the state you live in. You give those exemption certificates to the party you are actually buying from so they don't charge you sales tax. PWCC is merely holding your items for you and has nothing to do with sales tax. Plus, if you used the PWCC address in Oregon to have purchased items shipped directly to your vault, the seller would already know you're in a sales tax free state and not charge sales tax to begin with. You actually wouldn't need to give a sales tax exemption certificate to anyone in that case.
Just saw your post in regards to CA. That must be some special deal they had to cut in order for CA to not come after them for potentially helping people cheat them on sales tax. I know CA taxes are absurd, but this is over the top for even them. So if what PWCC says is true for items shipped to Oregon, what about someone who has a house in Oregon, which they sell and then move to CA with all their furnishings and belongings that they originally bought while in Oregon, and paid no sales tax on. I don't believe CA can come in and then try to charge you CA sales tax on items you originally bought to use in a different state. I'm going to research this some in case PWCC did make some deals with other states besides just CA. That is definitely not how it should working in most every state, and also why i said to check further into each specific state's sales and use tax laws for possible quirks like this. Interesting to say the least.
08-20-2021, 01:40 PM
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