Leonard Washington
formerly jamesbrustled
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Sounds exaggerated...40-50 pairs a release is well over 100k off just yeezys last year
ADIDAS X YEEZY COLLAB OFFICIAL 2016 THREAD - (NO LC PICS PLEASE!)
- Thread in 'Other Brands' Thread starter Started by xcautionx,
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Mr Dink
formerly foamposite xi
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Best time to cop Yeezys is actually the weekend of. People want that quick $ so they price $50-100 less to beat the competition. Got my Breds for $550.
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question for folks who own the season 3 boots...can u elaborate on the pros and cons before i cop a pair on sale.
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i'm joking. i only hit on 7 pairs
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resellin is untaxed. uncle sam dont even know how much you rake in as a resellerhe has a full time and brought in 45-60k
i know uncle sam loved him during tax time
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PROS
- you'll feel cool cause you have Yeezy boots on
- you'll feel supreme confidence in yourself
CONS
- they're super wack
- they're chunky
- we're 1 month away from spring, shoulda bought 4 months ago
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I like the confidence. Saying you Only hit on 7 pairs makes me wonder how many you usually get.
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I believe it!! @Drunken Cow
I know FC buys from stores and sellers buy bulk
one of my childhood friends WAS a mgr at a FTL here in So Cal and he would go Drop off a few FSR on his Break to FC and we'd go have lunch after or smokeout
Everyweek damn near and the Asian Guy w/ Long Hair would CASH him out, not Consignment 10-20k cash each time
I know FC buys from stores and sellers buy bulk
one of my childhood friends WAS a mgr at a FTL here in So Cal and he would go Drop off a few FSR on his Break to FC and we'd go have lunch after or smokeout
Everyweek damn near and the Asian Guy w/ Long Hair would CASH him out, not Consignment 10-20k cash each time
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At a certain point you gotta report those earnings. Otherwise you will have the Feds knocking on your door.
Leonard Washington
formerly jamesbrustled
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FC not sendin u no tax forms B
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Yeah, mine is shipping label created only. There was an update but the delivery date is still set for tomorrow for some odd reason.
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There's some type of leg work you can put in to help better your chances.
Not going through what all of them are because we could be going on for hours.
Seeing that I've hit on the last 3 Yeezy drops from ADC, I wouldn't consider manual being "luck".
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So you think they can't track or monitor those huge checks that get deposited in your bank on a periodic basis. Obviously you ain't getting a W2 from them. But if you really raking in 50k or more from it you will get flagged if you don't file. Don't be naive
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Do they not pay you via chq? Or do they pay cash. In Canada, so I legitimately don't know.
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Used to be checks only. Now you have the option of digital payouts.
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Not sure because I haven't hit that mark, but I'm more than positive if you go to Flight Club or any other sneaker spot to sell your pairs they're going to give you a 1099 for that extra income. They have to cover their ends.
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Check or Direct Deposit, you decide
when i walk into FCNY sometimes i see boxes with a shipping label from shoe palace
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I just purchased a pair for my nephew from a NTer, price, $450 shipped.
dude I'm still what's good? I know you cooked multiple. LoL
I struck out on this release man. Only joints I wanted. I hit this dude up that I seen purchase tons of Yeezys ... Like for the Belugas, he had 50 pairs and so on. He talked a good game and assure me that he was going to get tons. I was going to but 10 pairs 4 to keep and give to family and sell the others but I change my mind and asked him for 4 pairs to make sure both my nephew and me got the exact size needed. Paid dude 600 just for the devices and got lazy and didn't even try. Day off, dude refunded me the money and said sorry .. I'm still salty ....
nope
Leonard Washington
formerly jamesbrustled
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goat or stockx dont send forms either...only paypal
once u hit 20k and 200 transactions
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They would have to...
They're a legit business, when they do their taxes and report what comes in and what comes out they're going to have to itemize that stuff.
That requires them opening their books and making sure they're running right.
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Ah okay. If that's the case, I'm sure after a certain amount, your deposits will be flagged by the IRS for further monitoring/investigation.
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But they not though
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If you're making over 20k in reselling and not paying taxes on it then you're in for a rude awakening
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