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Old 06-27-2011, 06:03 PM #17
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Default Re: CNI GLP 100mw for sale

Quote:
Originally Posted by zdarkazn View Post
Really...? If its profit through PP, you have to report it? What about all those gigantic bullion dealers on ebay that use PP? Ive never reported any profit..LOL.
No PP reports it to the IRS if you do over a certian amt of transactions- IIRC its around $20000 or 200 deals iirc.

its easy for someone(not you) to say thats no big deal...until you get the audit hammer. just how would I go about PROVING my GBs were done at noprofit to me??

im on Gb#5-- no complaints so far

len


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Last edited by hakzaw1; 06-27-2011 at 06:08 PM.
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Old 06-27-2011, 06:05 PM #18
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Default Re: CNI GLP 100mw for sale

Quote:
Originally Posted by hakzaw1 View Post
No PP reports it to the IRS if you do over a certian amt of transactions- IIRC its around $2000 iirc.

its easy for someone(not you) to say thats no big deal...until you get the audit hammer. just how would I go about PROVING my GBs were done at noprofit to me??

im on Gb#5-- no complaints so far

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$2000? Seems kinda low.. Thats for "payment received" only right?
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Old 06-27-2011, 06:10 PM #19
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Default Re: CNI GLP 100mw for sale

sry I meant 20000$ and that may be both coming in AND going out combined. Luke has been very kind to offer a buy back--thats prolly your best option IMO
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Last edited by hakzaw1; 06-27-2011 at 06:12 PM.
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Old 06-27-2011, 06:18 PM #20
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Default Re: CNI GLP 100mw for sale

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Originally Posted by hakzaw1 View Post
sry I meant 20000$ and that may be both coming in AND going out combined.
Wtf..still, even if its $20,000 for coming in AND going out, thats TOO low. I buy a lot of things online regularly..and i know for a fact that ive already exceeded that amount in just payments going out. For payments received, im at $11856. For going out its..$35251.. If its based on amount only..then uhhh i should close my paypal


Edit: Exception: Very small merchants won't be issued information returns. "Small" for this purpose means annual gross sales on merchant cards of no more than $20,000 or 200 or fewer transactions. In other words, reporting is required only if gross amounts for the year exceed $20,000 AND there are more than 200 transactions.

Last edited by zdarkazn; 06-27-2011 at 06:23 PM. Reason: Found it!
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Old 06-27-2011, 06:28 PM #21
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Default Re: CNI GLP 100mw for sale

IDK if you need to close yr acct.
My case is diff as I am retired& disabled so I have not needed to file at all for several yrs. So if the IRS would be wanting to go after me I could lose my SSI. which is very small and not enough to even survive on. so....w/o that I will be found living under the bridge in an old refrigerator Box.

BTW 'buddies' hak's Bday is july 3rd so get me something nice--cash is always nice lol
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Old 06-27-2011, 06:31 PM #22
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Default Re: CNI GLP 100mw for sale

Quote:
Originally Posted by hakzaw1 View Post
IDK if you need to close yr acct.
My case is diff as I am retired& disabled so I have not needed to file at all for several yrs. So if the IRS would be wanting to go after me I could lose my SSI. which is very small and not enough to even survive on. so....w/o that I will be found living under the bridge in an old refrigerator Box.

BTW 'buddies' hak's Bday is july 3rd so get me something nice--cash is always nice lol
I think i can stay under the radar.. Only 27 Transactions were "payments received" If its $20,000 AND 200 transactions, i wont hit the 200 transactions mark anytime soon. I was cleaning out excess stuff in the house and getting new things, so i only have, at most, 50 more "payment received" transactions to do
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Old 06-27-2011, 06:38 PM #23
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Default Re: CNI GLP 100mw for sale

So let me get this straight? You bought it for $100, and are trying to sell it for $120? No thanks, we don't gouge prices here
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Old 06-27-2011, 06:40 PM #24
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Default Re: CNI GLP 100mw for sale

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So let me get this straight? You bought it for $100, and are trying to sell it for $120? No thanks, we don't gouge prices here
Lol give him a chance. He was probably trying to get back exactly what he paid for it. But true, we dont gouge prices, yet someone tried to sell me a 405nm GLP for $120 when they bought it for $50..
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Old 06-27-2011, 06:42 PM #25
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Default Re: CNI GLP 100mw for sale

No, he bought it for $100 from yobresal. Not 120.
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Old 06-27-2011, 06:46 PM #26
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Default Re: CNI GLP 100mw for sale

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No, he bought it for $100 from yobresal. Not 120.
It says he bought it for $110 from the post he deleted.
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Old 06-27-2011, 06:51 PM #27
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Default Re: CNI GLP 100mw for sale

Uhm...
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I let it go for $100 too.
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Old 06-27-2011, 06:52 PM #28
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Default Re: CNI GLP 100mw for sale

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Uhm...
I dont see that post in this thread o.o

Edit: Nvm, found it

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Old 06-27-2011, 06:57 PM #29
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Default Re: CNI GLP 100mw for sale

I was just about to say, yobresal, the one who sold it, said that he sold it for $100

^^^ that post isn't in this thread. It's in the thread he bought it I'n.
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Old 06-27-2011, 06:58 PM #30
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Default Re: CNI GLP 100mw for sale

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I was just about to say, yobresal, the one who sold it, said that he sold it for $100
Oh, nvm then. Idk what Ramm is thinking. Might as well just get refund from Yob
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Old 06-27-2011, 07:02 PM #31
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Default Re: CNI GLP 100mw for sale

He's trying to gouge prices. He got a good deal, so why should the next person?
That's what he's thinking
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Old 06-27-2011, 07:04 PM #32
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Default Re: CNI GLP 100mw for sale

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He's trying to gouge prices. He got a good deal, so why should the next person?
That's what he's thinking
Well its only $20..probably around $10 after shipping and fees. Its not like that other person who tried to gouge me ~$70 for the 405nm GLP..which i didnt bu after i found out he for it for $50.
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