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California HA Sales Tax Question
CoinPhysicist
Posts: 597 ✭✭✭✭
in Q & A Forum
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, PlatinumDuck, JohnMaben/Pegasus Coin & Jewelry, CoinFlip, and coinlieutenant.
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I expect it would be the amount that you pay less shipping unless taxing of that is allowed.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
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).”
Total $ amount of the transaction must be $1500 or more. To my understanding this includes all premiums and fees.
So, this tax penalizes the poor guy that can only afford a roll of ASEs?
So, this tax penalizes the poor guy that can only afford a roll of ASEs?