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  • February 16, 2019 4:48AM
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  • Elcontador

    Andy, in CA, there used to be a 10 to 15 day annual exclusion from getting a sales tax permit. Then, dealers who did not have a physical presence in CA and weren't huge, like Heritage, were allowed the above loophole. So they attended CA shows for under the above amount of days, and did not have to collect sales tax.

    I purchased a coin at the 2009 ANA in Los Angeles this way, and did not pay sales tax on the purchase.

    Today, if a seller does more than $X in gross sales in a specific state (this varies by state), they must get a state sales tax permit. Period. E-bay acts as an agent for those on its site, so it assesses tax just to avoid the hassle. Re-sellers will have to file for a sales tax refund on specific purchases, and supply documentation to get it.

    If you had your own website and did less than $50K of sales in CA., you would not need a sales tax permit here. If you were required to get a permit, you could list which of your sales were and were not taxable.
    Jeff

    February 15, 2019 11:11AM
    • MrEureka
      MrEureka
      Understood. My biggest concern right now isn't the complications. I can deal with that. But I fear how people will react if far more retail coin sales become unavoidably taxable. I think it will cause people to spend far less on their collections, which is bad for the market and bad for the business.
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  • whatsup

    Did you have anymore of the '53 unopened proof set?

    February 1, 2019 2:44PM
    • Meltdown
      Meltdown
      Nope, sorry... I just saw your question. That was my last box...
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    February 14, 2019 8:05PM
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