Goodbye to my purses...
- Thread starter LaVisioneer
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I am hoping with all my heart that omicron calms down around spring into summer. It seemed like that in 2021. It is like mother nature gave us time off for good behavior. I did a big purchase of bags I loved in December 2021. I think it was in response to not wanting to buy anything in 2020 that wasn't a jogging suit or pajamas. The world woke up for a bit in 2021. I sold one purse because @LemonDrop correctly said on this thread that if it doesn't bring you joy or you cannot remember why you bought it in the first place, you should sell the item. I love what I bought, even if I will be on "BAN ISLAND" till June. They are part classic which brings my conservative self joy, and year 2000's bags which give me a bit of nostalgia. (I won't be wearing any low rise jeans with the thong sticking out ever again lol.) I am pushing 50, and must leave something to the youngens.
I felt better about purchasing, and selling/donating that which doesn't suit the "current middle age mid pandemic Barbie that I am now" !
Ladies, the wonderful part of being a woman, is that at any stage, we can reinvent ourselves. Cheers to your evolutions!
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I have a closet full of Dooney and Coach purses and handbags that I wore for maybe a year before getting another. I kept adding to the collection until the pandemic began. I also was having back and shoulder pain for many years. Around the same time I bought a no-name Italian leather backpack that I adore! It's so much more comfortable and looks better with use! I can fit in a stash of masks and sanitizer. It's also kinder my back, shoulders and wallet.Even so, I don't want to sell of my collection of bags since I will use them again someday but never as often as I do my backpack. I also don't think I will be buying any others. I have more than enough and appreciate what I have.
I have also joined the back pack club! As going on outdoor adventures has now been my dominant form of social activity. I’m in love with the Fossil Camilla (backpack and purse!) and wish I had bought it in more colors as they are sadly discontinuing it. I’m also a big Fjallraven fan as far as practical bags go.
But the only bag I bought in 2020 (and one of my more extravagant) I have now been carrying on long walks, too. So, I’m impressed with Brahmin’s quality so far!
I really miss dressing up though and looks like omicron is going to put a pin in that now for a while, too
but in general the pandemic has made me want to get rid of everything I’m not using, which is hard to do without filling up the landfill (being more sustainable has been one of my pandemic goals).
Has/will anyone change their shopping/selling (items they no longer use) habits now that the new IRS reporting changes are in place? All third party pay platforms (PayPal, etc) are required to issue a 1099 if your total sales for the year are $600 or more. You would have to save receipts to prove any losses (proof of original purchase, proof of shipping costs and selling fees, etc).
I already had stopped purchasing as much due to the pandemic (stuck at home due to being high risk so couldn't really use things), but this adds to it as I don't want the headache of saving/submitting all of that. I'd rather gift/donate items that I no longer use (or didn't use).
I already had stopped purchasing as much due to the pandemic (stuck at home due to being high risk so couldn't really use things), but this adds to it as I don't want the headache of saving/submitting all of that. I'd rather gift/donate items that I no longer use (or didn't use).
You can sell to FP. I called and asked yesterday if I will get a 1099, because my friend wants me to sell her bag on her behalf. I usually sell my bags on eBay, but I don’t want to use eBay to sell someone else’s bag for tax reasons.
Fashionphile may not issue a 1099 (I haven't researched it), but PayPal will and that is how Fashionphile does their payouts.
Oh..thank you for letting me know! I don’t have paypal anymore. I wonder if they have other payment methods. I’ll call tomorrow.
I just googled and found this:
Fashionphile will issue your payment according to the payment method selected within your user account. Payment methods include: wire transfer (subject to a $50 fee per transfer), direct deposit, check, Neiman Marcus Gift Card or Fashionphile store credit.
so if I do direct deposit or have them issue me a check it shouldn’t be a problem.
I would ask Fashionphile about the tax thing to be sure if you are worried about getting a 1099. Their site says nothing either way, but this is an IRS requirement so I would be surprised if they don't issue one.
I talked to someone from FP earlier today and I was told that they do not issue one. I have also read that it is an IRS requirement so that so why I am confused. I figured if they don’t need my s.s. Number to complete the transaction, then I won’t get a 1099. I will confirm tomorrow anyway...I wouldn’t want to be taxed for selling my friend’s purse as a favor to her!
