Looks like payments via Zelle require a lot of trust because there's no buyer recourse if things go sideways. Probably not much recourse for the seller either. And Stripe declares you're a business (which I'm not). Maybe I'll dig through my records and find receipts to the items I want to sell. That way if IRS wants me to itemize, I can show I either incurred a loss, or the profit was quite small. If I can't find a receipt then I'll see what TMR will offer.
The Music Room
With all the talk about PayPal and the IRS, I'm considering other ways to sell my unused gear. I've been thinking about The Music Room. I have the system I want and have no need for trade ins. Has anyone else sold items to The Music Room? How was your experience? Did they give you a decent price for your gear (I understand they need to make a profit too). I just don't want any complications come tax season next year...
Showing 3 responses by mewsickbuff
I have receipts, I just have to figure out where they are. From now on I'll be more organized. @allenf1963 Here's a list of the gear: 1. Primare Pre32 preamplifier with manual, power cord and remote. 8/10 condition. Original boxes. 2. Musical Fidelity MM/MC M6 Vinyl phonostage with manual and power cord. in 8/10 condition. Original boxes. 3. PS Audio PerfectWave Power Plant 5, Condition 7/10 with manual, power cord, remote and original boxes. 4. T+A DAC8 DSD with manual, remote, power cord and original boxes. Condition 8/10 5. Audio Research Reference 75 Tube Amplifier with tubes, power cord and original boxes. Condition 9/10
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