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Re: Venmo who has it.
[Re: Jer]
#3097444
11/27/22 05:04 AM
11/27/22 05:04 AM
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Joined: Jan 2003
Posts: 27,444 So Cal
autoxcuda
Too Many Posts
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Too Many Posts
Joined: Jan 2003
Posts: 27,444
So Cal
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Zelle, while supported by most banks, seems to be the payment of choice by scammers. Zelle apparently has a 'we believe the buyer despite your evidence to the contrary as a seller' policy. As for payments at a swap meet... I used a Square app (remember them?) and sold a LOT more stuff simply because many chose to use a card over cash. Good info and feedback. I had heard there was no way to refute a transaction with Zelle.. The square app uses a credit card. Could someone go back and say the item was not what they believed, broken, never received ??
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Re: Venmo who has it.
[Re: autoxcuda]
#3097595
11/27/22 05:51 PM
11/27/22 05:51 PM
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Joined: Dec 2005
Posts: 11,408 Fulton County, PA
CMcAllister
Mr. Helpful
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Mr. Helpful
Joined: Dec 2005
Posts: 11,408
Fulton County, PA
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How about "whoever doesn't send me a 1099K at the end of the year", if I'm selling.
If the results don't match the theory, change the theory.
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Re: Venmo who has it.
[Re: autoxcuda]
#3097658
11/27/22 10:50 PM
11/27/22 10:50 PM
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Joined: Jan 2003
Posts: 3,046 Bowling Green, KY
cudaboy
master
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master
Joined: Jan 2003
Posts: 3,046
Bowling Green, KY
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I had heard there was no way to refute a transaction with Zelle..
There’s not, according to Zelle’s website. Dennis
Last edited by cudaboy; 11/27/22 10:51 PM.
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Re: Venmo who has it.
[Re: SV_MOPARS]
#3097771
11/28/22 01:18 PM
11/28/22 01:18 PM
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Joined: Feb 2005
Posts: 20,116 PA.
pittsburghracer
OP
"Little"John
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OP
"Little"John
Joined: Feb 2005
Posts: 20,116
PA.
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
1970 Duster Edelbrock headed 408 5.984@112.52 422 Indy headed small block 5.982@112.56 mph 9.42@138.27
Livin and lovin life one day at a time
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Re: Venmo who has it.
[Re: pittsburghracer]
#3097799
11/28/22 02:37 PM
11/28/22 02:37 PM
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Joined: Jan 2003
Posts: 15,500 Norwich CT USA
moparts
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,500
Norwich CT USA
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
Agree , I'm selling all my spare used and some new parts off this last year , nice having the extra money BUT I haven't made a profit on any of it compaired to what I paid for it , So I loss coming up on my taxes
Tom ,
2011 Ram 3500 C&C Diesel 2009 Challenger R/T 1971 Challenger Conv. 511/4 speed 1970 Challenger R/T 503/727
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Re: Venmo who has it.
[Re: moparts]
#3097950
11/28/22 10:42 PM
11/28/22 10:42 PM
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Joined: Jan 2003
Posts: 15,193 Omaha Ne
TJP
I Live Here
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I Live Here
Joined: Jan 2003
Posts: 15,193
Omaha Ne
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
Agree , I'm selling all my spare used and some new parts off this last year , nice having the extra money BUT I haven't made a profit on any of it compaired to what I paid for it , So I loss coming up on my taxes I'm assuming the "loss" was supposed to be "lose" ? While on the subject, I was wondering IF one were to use different Third party money handlers keeping them all under the MAGIC 599.99 threshold, Would that not prevent a 1099 from being issued ? A PITA for sure BUT
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Re: Venmo who has it.
[Re: moparts]
#3097984
11/29/22 02:04 AM
11/29/22 02:04 AM
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Joined: Feb 2015
Posts: 2,065 CA
crackedback
top fuel
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top fuel
Joined: Feb 2015
Posts: 2,065
CA
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There are some sellers (several on this site alone by the prices they charge) that do in fact make a profit. But many many of us are moving parts we bought and used and are selling at a loss. Example was the gearset I raised the question about. I paid 750.00-800.00 for it and sold it for 550.00 minus 50.00 shipping. So uncle Sam looks at that as I made 550.00 profit. My tax forms are already eight pages for my yearly taxes. This will probable add three more pages.
Agree , I'm selling all my spare used and some new parts off this last year , nice having the extra money BUT I haven't made a profit on any of it compaired to what I paid for it , So I loss coming up on my taxes If you are going to pay the taxes on the gross amount on the 1099... don't complain and get to work minimizing the alleged income. It's NOT that hard... Paying the tax on the gross amount is EXACTLY what the government wants you to do. They expect you to be lazy. Maybe I'm misunderstanding what you are putting out there.
Last edited by crackedback; 11/29/22 02:06 AM.
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