Back to the tax I looked into it even more with a tax agent: the rule is that you must have a receipt to have a cost basis, if you do not have a receipt that is itemized (which must have the card itself, not just the transaction), is is not valid for a deduction since these are considered capital gains
@matthewscardboard5 ай бұрын
This may be true but I hopefully won’t get audited to begin with as I will pay my fair share. And from talking with those in the card space, it hasn’t been an issue
@jasonvtsportsguy26925 ай бұрын
New subscriber here! We love collecting cards! Always appreciate the content! Thanks for sharing! Have a great weekend!!!
@matthewscardboard5 ай бұрын
Thanks for the sub!
@smbmostfamous14325 ай бұрын
Gladly I don't sell any of my collection.. only thing i sell is the Base card scraps people buy to complete a set!! i cant part ways with a lot of my cards..
@matthewscardboard5 ай бұрын
I get it! This is all my non pc stuff, my 76ers cards will be in my PC forever!
I believe I sold it in this video haha, 415 was the sale I think
@aidanxaidannn35295 ай бұрын
Hey do you still have that Kobe?
@matthewscardboard5 ай бұрын
Unfortunately I do not
@Conrad-lv9fv5 ай бұрын
Keep it up
@matthewscardboard5 ай бұрын
Thanks!
@michaelmargolin15 ай бұрын
Thumbnails been gas lately
@matthewscardboard5 ай бұрын
👊
@WalkmanBreaks5 ай бұрын
Fr
@steeph_sportscards5 ай бұрын
Just from what I can tell football does extremely well in the discord. 50 plus section I can almost get 85-95% everytime especially if it’s the right players. I’d really consider. A lot of strouds and Richardson and any QBs that are liquid are easy to sell in there. Just from my experience might help you get more profit.
@matthewscardboard5 ай бұрын
Yeah football has always seemed to be more liquid, I just don’t know it as well. Thanks for the insight
@colinpadden-ex7wi5 ай бұрын
Do you do whatnot or just eBay
@matthewscardboard5 ай бұрын
As of now eBay and social media, looking to do what not soon
@colinpadden-ex7wi5 ай бұрын
@@matthewscardboard well when ever you start what bit can you let me know
@matthewscardboard5 ай бұрын
Of course I’ll be sure to link it on my KZbin
@colinpadden-ex7wi5 ай бұрын
@@matthewscardboard okay thanks
@hughdonal04285 ай бұрын
wow this is impressive. Just curious where you purchase your cards? Is it all from ebay?
@matthewscardboard5 ай бұрын
Appreciate it! I buy most of my cards off of instagram and discord. Not off eBay unless it’s for pc.
@hughdonal04285 ай бұрын
@@matthewscardboard thanks i might decide to give it a shot. Keep up the work!
@JeffreyMargolin5 ай бұрын
Nice profit on the Brunson card.
@matthewscardboard5 ай бұрын
Thanks!
@SideHustleSunday2475 ай бұрын
Awesome video
@matthewscardboard5 ай бұрын
Thanks!
@SMITTYALLDAY65 ай бұрын
Yo I love your vids and I have a question how do you sell so frequently on eBay with low end cards? And are you a Philly fan becuase me to go 🦅
@matthewscardboard5 ай бұрын
I am an eagles fan! Tips for ebay would be just to make sure to have all the important info in the title and nothing excess. As well as good pictures especially on raw cards.
@foxbreaks94735 ай бұрын
Great videos! Keep it up!
@matthewscardboard5 ай бұрын
Thanks!
@kyle5805 ай бұрын
When mommy and daddy give you money to buy cards. It’s easy to profit
@matthewscardboard5 ай бұрын
This is the second time you’ve commented this on my videos in 2 months so clearly you’re a fan. Appreciate the support my guy!
@michaelmargolin15 ай бұрын
Dear Kyle, I hope this message finds you well. I wanted to take a moment to discuss a recent comment you left on this KZbin channel. While I appreciate all forms of engagement and feedback, your comment came across as rather uninformed and insensitive. It's important to remember that behind every video and comment, there are real people who put in time and effort. Comments that are dismissive or derogatory don't contribute positively to the community we're trying to build. I encourage you to reconsider the tone and content of your comments in the future. Constructive criticism is always welcome, but it should be delivered respectfully and thoughtfully. Thank you for understanding, and we look forward to more meaningful interactions in the future. Life is beautiful, and you only get one, so try to enjoy it.
@kyle5805 ай бұрын
@@matthewscardboard hey no prob kid. Hopefully mom and dad keep buying you cards
@matthewscardboard5 ай бұрын
Instead of buying me cards they should just give me their house 🤷♂️
@LandP-RIPPING5 ай бұрын
New sub, nice cards.
@matthewscardboard5 ай бұрын
Thanks for the sub!
@Xantheman8205 ай бұрын
I like your card taste lol
@matthewscardboard5 ай бұрын
Appreciate it bro
@horseheaddad34274 ай бұрын
I'm trying to teach my 16 year old kid to flip.
@matthewscardboard4 ай бұрын
That’s awesome! I was just a little younger when I got started!
@Boxed_by_izyy5 ай бұрын
1st
@matthewscardboard5 ай бұрын
Ayyyy
@bodhipierce-cogburn62735 ай бұрын
Honestly, your margins are way too low. I’m making $20 profit on $10 cards from value boxes I don’t think $10 on a card over $50 is worth it.
@matthewscardboard5 ай бұрын
Hi I get where your coming from but I have a few points to make. First I agree, the profit margin in this video was not great. But in your case if digging in boxes, you have to factor in your time to get to and from the show, the time to dig for the cards themselves, the money for gas, food, and admission into the show. As well as the time to individually sell each card. I am to sell multiple cards at a time so by moving many I can roll over my inventory as quick as possible. And while your method is a great one for you, it is unrealistic for me as I cannot go to shows as often as I would like. I do almost all my business at home while on my phone or computer.
@rascal30135 ай бұрын
Obvious clickbait title! At the end you said you SOLD $3950. Then you said you MADE $294. Made is what you profit and/or pocket to keep. I just wonder how much lower that made total will drop after subtracting shipping fees and taxes. Just be honest and people will trust and respect you more.
@matthewscardboard5 ай бұрын
Shipping and fees were included in that 294 figure and taxes will mostly end around 20%. Apologies for the “clickbait.” “Made” was used to refer to revenue not profit. And I agree, trust and respect are the #1 things to building relationships in this hobby (and life) and are so important! Hope this clears things up
@MissingWilson5 ай бұрын
So how much did you actually profit and how long did it take ?
@matthewscardboard5 ай бұрын
As stated in the end of the video it’s the $294 figure over the last week
@MissingWilson5 ай бұрын
@@matthewscardboard and how many hours?
@matthewscardboard5 ай бұрын
Of total work to list, ship, package, and buy. I’d say around 1-5.