California HA Sales Tax Question

Quick question for Californians. In CA, coin purchases greater than $1500 are sales tax exempt. Is that determined by bid + buyer's premium or only bid?

Successful transactions with: wondercoin, Tetromibi, PerryHall.

Comments

  • BAJJERFANBAJJERFAN Posts: 29,523 ✭✭✭✭✭

    I expect it would be the amount that you pay less shipping unless taxing of that is allowed.

  • HemisphericalHemispherical Posts: 6,926 ✭✭✭✭✭

    @CoinPhysicist said:
    Quick question for Californians. In CA, coin purchases greater than $1500 are sales tax exempt. Is that determined by bid + buyer's premium or only bid?

    Publication 177, Internet Auction Sales and Purchases, July 2019

    Freshly dated publication.

    https://www.cdtfa.ca.gov/formspubs/pub177/

    “When you purchase merchandise from an out-of-state retailer, you are liable for the use tax due on your out-of-state purchases. The use tax rate is the same as the sales tax rate for any given California location.

    Whether the seller charges a lump-sum price or itemizes the merchandise price and other charges, tax is due on the entire purchase price. Any service fees related to a taxable sale are generally taxable, however, shipping and delivery charges may not be taxable (see Shipping and delivery charges).”

  • BustHalfBrianBustHalfBrian Posts: 3,965 ✭✭✭

    Total $ amount of the transaction must be $1500 or more. To my understanding this includes all premiums and fees.

    23 years old. Lurking and learning since 2010.
  • thefinnthefinn Posts: 1,202 ✭✭✭✭✭

    So, this tax penalizes the poor guy that can only afford a roll of ASEs?

    thefinn
  • thefinnthefinn Posts: 1,202 ✭✭✭✭✭

    So, this tax penalizes the poor guy that can only afford a roll of ASEs?

    thefinn
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