Got this from the IRS: Under the guidance issued today, TPSOs will be required to report transactions when the amount of total payments for those transactions is more than $5,000 in 2024; more than $2,500 in 2025; and more than $600 in calendar year 2026 and after. I went over 5K on 2024, now I will get a 1099K. Not sure how to deal with this?
yh the US has a much larger market, completely different demands/trends, more opportunities for consigning and selling avenues etc etc. UK reseller here.
Love the content and I respect a lot things you've been doing. I believe however that sourcing high quantity of items is the biggest issue when it comes scalling up your business. Unless you know someone who can provide you with high volume of pairs at a decent price it would be practically impossible to source that many pairs by yourself just searching online or going to stores. Nevertheless, I appreciate you sharing your knowledge and hope it grows even bigger for you ;-)
This video is very misleading. You're not sharing/showing the most important information: the price paid for Stockx and the prices on a sneaker consignment sale.
Let me the first person to tell you he didn’t sell 13,000 pairs in the month of December. Bring into a conversation with you so I can expose you. Stop giving your audience the idea as if this is suppose to be easy
Reselling will never die
🔥🔥🔥🔥
Got this from the IRS: Under the guidance issued today, TPSOs will be required to report transactions when the amount of total payments for those transactions is more than $5,000 in 2024; more than $2,500 in 2025; and more than $600 in calendar year 2026 and after.
I went over 5K on 2024, now I will get a 1099K. Not sure how to deal with this?
Bro me neither I’m getting worried for 2026 lmaoo
Delete and right into the trash
Does the state where you file your taxes have a lower reporting threshold?
Throw it right in the trash
Is there a big difference between selling Europe and selling in the USA? For example on Stockx
Yes, as a European our opportunity to make profit is a lot less especially since Stockx stopped our ability to sell to the American market
yh the US has a much larger market, completely different demands/trends, more opportunities for consigning and selling avenues etc etc. UK reseller here.
@@denzel1832So whats better than Stockx?
Grate vid keeep it up
How you get white thunders for $230-250 tho
Love the content and I respect a lot things you've been doing. I believe however that sourcing high quantity of items is the biggest issue when it comes scalling up your business. Unless you know someone who can provide you with high volume of pairs at a decent price it would be practically impossible to source that many pairs by yourself just searching online or going to stores. Nevertheless, I appreciate you sharing your knowledge and hope it grows even bigger for you ;-)
Thoughts on POIZON??
Where are you buying most of your shoes from?
My grandma said reselling dead 😂😂😂
excellent video
LFG!
thanks for the video.
12k pairs?.okk
This video is very misleading. You're not sharing/showing the most important information: the price paid for Stockx and the prices on a sneaker consignment sale.
Bro, Your Content is amazing but you are getting less views than expected. This is due to your bad Thumbnails. I can help you with that.
Respect everyone’s hustle
But people like you honestly ruined sneaker culture
Making a synthetic market for shoes some people actually want
….
Let me the first person to tell you he didn’t sell 13,000 pairs in the month of December. Bring into a conversation with you so I can expose you. Stop giving your audience the idea as if this is suppose to be easy
Did you not watch the video? It’s collectively under my software for Sneaker Consign
He said it’s not his sales that’s the whole platform