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Question for sellers/dealers
Oakie
Member Posts: 40,558 ✭✭✭✭
I want to sell a few guns. Been a while. How do I go about collecting the sales tax??? Is it the tax for the state I live in, or the state they live in??? Lets say I sell a gun for 1,000 dollars. NJ sales tax is 7%. I sell it to another state and their sales tax is 3%. What do I charge and how do you add it into your final sale for the buyer??? Last time I sold a gun was last year. I sold it and charged the buyer for the sale price and shipping. I got paid, then a few weeks later, I got charged the sales tax, and that ended up coming out of my pocket, because of the new rules. Thank you. Oakie
Comments
Gunbroker collects and remits the sales tax.
Gunbroker.com will automatically calculate it and pay it on your behalf as a marketplace facilitator. They also charge a 1% fee for for doing it. When your item sells it calculates everything together and gives the buyer a total to pay.
just to note; don't 'jump' on the auction and send a payment request the instant it closed, wait for the gunbroker invoice to be generated. This will include the sales tax from the seller to be paid to you, then gunbroker will add this to your total 'fees'.
Thanks Mike. That is where I messed up last time and it cost me big. This was my reason for the post. Oakie