![]() ![]() You hit either of the thresholds and you are supposed to start collecting. But that doesn't mean you won't eventually get taxed since as I state above the threshold is not $100K/200 transactions a calendar year, its $100K/200 transactions quarter over quarter. If you are dealing with somebody that isn't charging you sales tax they are probably under that threshold. The Auction houses are probably doing the $100K/200 transactions in most of the states so they are implementing the collection of sales tax. If your state is already aggressive CA, PA are two that come to mind then you may get a letter or call for sales tax. The big issue that comes to question is how vigilant the states will be in auditing. ![]() If you are taking paypal payments that state can audit your paypal or merchant services transactions, just like the US Govt tracks the 1099 you are getting from paypal today. South Dakota has a $100K, 200 transactions for a year, that year is rolling quarter to quarter. If they are taking an electronic payment the seller is "supposed" to follow that States new online sales tax rules. I'd rather pay the auction house the 10% or so to have peace of mindÄoesn't matter what platform the seller sells the book. Also there's no middleman to check and make sure everything is legit for either one of them. With FB and IG, that's thrown out the window. Can you actually trust the seller 100%? I think selling on FB or any social media is the same as selling on ebay minus the new tax laws with ebay but at least with ebay, you do have some buyer's and seller's protection. Yeah, but how secured and safe are you in say buying a big book.
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