When we get friendly reminders from Leon to withhold 24% for BST sales to pay your capital gains and for everyone to start including the applicable sales tax to BST sales, then we'll know things have gone totally nuts.
I guess it's good that fleabay is providing these types of irritating reminders but 24% seems crazy. What if the gain on the card sale is 20%? You'd be paying more in taxes than the actual capital gains. Ok, I'm sure people would figure it out. Perhaps it's more of a friendly reminder that fleabay is now providing/reporting information to the IRS. At least they're trying to make sure the seller isn't going to be blind sided at the end of the year.
If I ever start selling on fleabay, I'll make sure to keep good records and not get burned at the end of the year..
Edited to add - ok replace ebay with paypal in the post.
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fr3d c0wl3s - always looking for OJs and other 19th century stuff. PM or email me if you have something
cool you're looking to find a new home for.
Last edited by Fred; 01-11-2023 at 07:16 PM.
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01-11-2023, 07:13 PM
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