The Ford Barn - View Single Post

BoxCar Tom · 12-06-2021, 02:01 PM

We know by name who backed out of the deal but we don't know why, haven't heard his side of the story. Kinda lopsided. So be it. I will say that back in Oct. I sold two 32 Ford 18" wheels to Matt. Deal went through without a hitch. Paid full price (underpriced so they would sell) paid Paypal fees, and paid shipping from NJ to Chicago. No problems. No dancing till the piper is paid.

Another issue that has not been addressed Paypal is going to report to the IRS the money you receive from them so that you can report it as income on your tax return. Ounch! The problem is with the money you receive to pay for shipping. Pay taxes on pass thru money? OR just boost the shipping fee by your income tax rate?

12-06-2021, 02:01 PM	#35
BoxCar Tom Senior Member Join Date: May 2010 Location: Basking Ridge, NJ Posts: 591	Re: Do not do business with this person We know by name who backed out of the deal but we don't know why, haven't heard his side of the story. Kinda lopsided. So be it. I will say that back in Oct. I sold two 32 Ford 18" wheels to Matt. Deal went through without a hitch. Paid full price (underpriced so they would sell) paid Paypal fees, and paid shipping from NJ to Chicago. No problems. No dancing till the piper is paid. Another issue that has not been addressed Paypal is going to report to the IRS the money you receive from them so that you can report it as income on your tax return. Ounch! The problem is with the money you receive to pay for shipping. Pay taxes on pass thru money? OR just boost the shipping fee by your income tax rate?