Is Auction King legitimate?
Plan
Is Auction King legitimate?
Auction King is fake there is no doubt about it after reading so many post and the complaints logged by multiple customers. I purchased a number of items at the auction that was meant to be completed on the 6 September at 12pm pst time which I should have won.
What is Gallery 63 commission?
The sellers pay a 30-35% consignment fee and the buyers pay a 15% buyers fee. So the auction makes 45-50% of the sold price of each item.
What is the Commission at an auction house?
around 2%
Who owns Gallery 63 now?
Paul Brown
How many seasons does Auction Kings have?
4
How old is Paul Brown Jr?
69
How much is Paul Brown from Auction Kings worth?
The estimated Net Worth of Paul J Brown is at least $6.35 Million dollars as of.
How does an auctioneer get paid?
At the most basic level auctioneers receive a commission (percentage of the sale price) and/or fee by the seller of the asset or property in question. Some auctioneers utilize a buyer’s premium, a surcharge on top of the sale prices paid by the buyer.
Do you pay tax on auction sales?
All income from auctions, traditional or online, and consignment sales is generally taxable unless certain exceptions are met. These gains may be business income or capital gains. Income resulting from auctions akin to an occasional garage or yard sale is generally not required to be reported.
Do you have to pay taxes if you sell stuff online?
The basic rule for collecting sales tax from online sales is: If your business has a physical presence, or “nexus”, in a state, you must collect applicable sales taxes from online customers in that state. If you do not have a physical presence, you generally do not have to collect sales tax for online sales.
Do you have to pay taxes on personal items sold?
Sold goods aren’t taxable as income if you are selling a used personal item for less than the original value. If you flip it or sell it for more than the original cost, you have to pay taxes on the surplus as capital gains.
How much money can I make on eBay without paying taxes?
If you’ve sold at least $20,000 in gross merchandise value and exceeded 200 transactions for goods and services* on eBay this year, you will be receiving a tax Form 1099-K for all your 2019 sales transactions including relevant internet sales tax.
How much money can you earn from a hobby before paying tax?
The usual tax filing thresholds apply to whether you need to declare hobby income. If your total income, including hobby income, is above the threshold, you need to file a Form 1040. The threshold is usually equal to the standard deduction. In 2019, that’s $12,le filers and $24,t filers.
