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Author Topic:   Las Vegas Trip
Lord Crovax
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posted October 03, 2013 05:43 PM   Click Here to See the Profile for Lord Crovax Click Here to Email Lord Crovax Send a private message to Lord Crovax Click to send Lord Crovax an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by coolio:
if you have to ask some of the questions that have been asked by those who view themselves as dealers, you're not a dealer.. you're a wannabe


or inquisitive of the opinions of others...

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I shall have the souls of all who defy me. "Lord Crovax"

 
coolio
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posted October 03, 2013 05:47 PM   Click Here to See the Profile for coolio Click Here to Email coolio Send a private message to coolio Click to send coolio an Instant MessageVisit coolio's Homepage  Edit/Delete Message Reply With Quote 
quote:
Originally posted by Lord Crovax:
or inquisitive of the opinions of others...


being established and having a network solves that.. if you have to ask the dumb questions, as the OP did, you're not a dealer. end of story

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Since it is obviously inconceivable that all religions can be right, the most reasonable conclusion is that they are all wrong.
-Christopher Hitchens

Religion is regarded by the common people as true, by the wise as false, and by the rulers as useful.
-Seneca the Younger

 
Lord Crovax
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posted October 03, 2013 05:55 PM   Click Here to See the Profile for Lord Crovax Click Here to Email Lord Crovax Send a private message to Lord Crovax Click to send Lord Crovax an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by coolio:
being established and having a network solves that.. if you have to ask the dumb questions, as the OP did, you're not a dealer. end of story


Meh, being established and having a network doesn't always make one a dealer either though, I have both, and am in no way a dealer, not even close, I'm a upstart at best.

__________________
I shall have the souls of all who defy me. "Lord Crovax"

 
Vermilion
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posted October 03, 2013 06:27 PM   Click Here to See the Profile for Vermilion Click Here to Email Vermilion Send a private message to Vermilion Click to send Vermilion an Instant Message Edit/Delete Message Reply With Quote View Vermilion's Have/Want ListView Vermilion's Have/Want List
quote:
Originally posted by coolio:
if you have to ask some of the questions that have been asked by those who view themselves as dealers, you're not a dealer.. you're a wannabe


+1

 
coolio
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posted October 03, 2013 06:43 PM   Click Here to See the Profile for coolio Click Here to Email coolio Send a private message to coolio Click to send coolio an Instant MessageVisit coolio's Homepage  Edit/Delete Message Reply With Quote 
quote:
Originally posted by Lord Crovax:
Meh, being established and having a network doesn't always make one a dealer either though, I have both, and am in no way a dealer, not even close, I'm a upstart at best.



"5 binders with of modern and legacy along with 61 fetch(zendikar and onslaught) and 96 shocks plus mox opals etc."

does not make one a dealer either

__________________
Since it is obviously inconceivable that all religions can be right, the most reasonable conclusion is that they are all wrong.
-Christopher Hitchens

Religion is regarded by the common people as true, by the wise as false, and by the rulers as useful.
-Seneca the Younger

 
Lord Crovax
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posted October 03, 2013 06:51 PM   Click Here to See the Profile for Lord Crovax Click Here to Email Lord Crovax Send a private message to Lord Crovax Click to send Lord Crovax an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by coolio:
"5 binders with of modern and legacy along with 61 fetch(zendikar and onslaught) and 96 shocks plus mox opals etc."

does not make one a dealer either


Agreed, that's just a person with a set or two, not even a weeks worth of trading...

Maybe I'll start, to me a Dealer is someone with a large inventory (Large enough to have just about anything you could think of asking for), one who has established themselves via a store and/or events, one who has contacts to make up for anything he may not have in stock, and someone who is able to buy anything they may need to have in stock without issue, and lastly someone who knows the market and is able to accurately and quickly act upon it.

The last one seems to one shot most who try and play dealer, also takes out most small stores...

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I shall have the souls of all who defy me. "Lord Crovax"

 
WeedIan
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posted October 03, 2013 06:59 PM   Click Here to See the Profile for WeedIan Click Here to Email WeedIan Send a private message to WeedIan Click to send WeedIan an Instant MessageVisit WeedIan's Homepage  Edit/Delete Message Reply With Quote View WeedIan's Have/Want ListView WeedIan's Have/Want List
Trading for fun and profit that's what i do!

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mm1983
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posted October 04, 2013 04:13 AM   Click Here to See the Profile for mm1983 Click Here to Email mm1983 Send a private message to mm1983 Click to send mm1983 an Instant Message Edit/Delete Message Reply With Quote View mm1983's Have/Want ListView mm1983's Have/Want List
quote:
Originally posted by WeedIan:

Trading for fun and profit that's what i do!

+1

 
MAB_Rapper
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posted October 04, 2013 04:27 AM   Click Here to See the Profile for MAB_Rapper Click Here to Email MAB_Rapper Click to send MAB_Rapper an Instant Message Edit/Delete Message Reply With Quote View MAB_Rapper's Trade Auction or SaleView MAB_Rapper's Trade Auction or Sale
Worse comes to worse, spend the money and become an incorporated business. Might not make you a "dealer" but at least you can say you a legitimate business. That and you can write off everything.

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hilikuS: Also, as much as MAB's list has become the list on the T/A Forum, I do miss Slinga's.

 
jbark
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posted October 04, 2013 09:40 AM   Click Here to See the Profile for jbark Click Here to Email jbark Click to send jbark an Instant Message Edit/Delete Message Reply With Quote View jbark's Have/Want ListView jbark's Have/Want List
^doesnt that mean you have to claim all sales and profits?
 
superpup
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posted October 04, 2013 12:31 PM   Click Here to See the Profile for superpup Click Here to Email superpup Send a private message to superpup Click to send superpup an Instant MessageVisit superpup's Homepage  Edit/Delete Message Reply With Quote View superpup's Have/Want ListView superpup's Have/Want List
quote:
Originally posted by jbark:
^doesnt that mean you have to claim all sales and profits?

Technically, any profit should be indicated as income on your taxes either on the form 1040 Line 21, or completing Schedule C, especially if it is more than just a few hundred bucks, regardless of if you are incorporated or not.

Sales tax for in-state sales and usage tax for items pulled out for yourself also are expected to be dealt with if operating as a business.

I assume all of the real dealers here are doing these things and/or filing separate business tax returns.

 
MAB_Rapper
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posted October 05, 2013 04:33 AM   Click Here to See the Profile for MAB_Rapper Click Here to Email MAB_Rapper Click to send MAB_Rapper an Instant Message Edit/Delete Message Reply With Quote View MAB_Rapper's Trade Auction or SaleView MAB_Rapper's Trade Auction or Sale
quote:
Originally posted by jbark:
^doesnt that mean you have to claim all sales and profits?

Yes it does. But it also means that I can expense everything business related, from ATM fees if I take out cash to gas every single time I go to my LGS.

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hilikuS: Also, as much as MAB's list has become the list on the T/A Forum, I do miss Slinga's.

 
coasterdude84
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posted October 06, 2013 08:47 AM   Click Here to See the Profile for coasterdude84 Click Here to Email coasterdude84 Send a private message to coasterdude84 Click to send coasterdude84 an Instant Message Edit/Delete Message Reply With Quote 
quote:
Originally posted by coolio:
"5 binders with of modern and legacy along with 61 fetch(zendikar and onslaught) and 96 shocks plus mox opals etc."

does not make one a dealer either


At first I was wondering why everyone was being so harsh on the guy. I was thinking, "that's not a bad dealer stock." Then I read it again and realized it wasn't 61 of each fetch.

 
D'Shay
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posted October 08, 2013 10:44 AM   Click Here to See the Profile for D'Shay Click Here to Email D'Shay Send a private message to D'Shay Click to send D'Shay an Instant MessageVisit D'Shay's Homepage  Edit/Delete Message Reply With Quote 
quote:
Originally posted by superpup:
Technically, any profit should be indicated as income on your taxes either on the form 1040 Line 21, or completing Schedule C, especially if it is more than just a few hundred bucks, regardless of if you are incorporated or not.

Sales tax for in-state sales and usage tax for items pulled out for yourself also are expected to be dealt with if operating as a business.

I assume all of the real dealers here are doing these things and/or filing separate business tax returns.


I am also curious if these "dealers" also have a business license and are legal with their profits/State they reside in. I dont think i recall blow out deals happening at the end of year on the sales threads to shore up inventories for tax purposes, but i could be wrong. I also wonder if they pay employees or just work by themselves.

[Edited 1 times, lastly by D'Shay on October 08, 2013]

 

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