Sales Tax On Out Of State Purchases Of Silver

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Author	Replies: 5 / Views: 1,305
Lionel90 Valued Member United States 392 Posts	Posted 11/16/2019 4:29 pm I bought silver from several dealers out of state and paid shipping costs but not sales tax. In Virginia the state income tax form asks you to pay tax for these purchases when you file. Virginia is an "origin" based tax state. Not sure what that means, but today I was all set to buy some silver and in the checkout total was shipping and TAX Charges. I don't think the dealer has a business in the state. Same thing happened on a small ebay purchese. I paid a small tax, but this time I cancelled the order. What does the forum think? Is this the new normal paying Shipping and tax? Report this Post to the Staff

BStrauss3 Pillar of the Community United States 4593 Posts	Posted 11/16/2019 5:49 pm Google for the Wayfair vs. South Dakota decision. Also for "Virginia Sales Tax Wayfair" (almost every state has a page up with their personalized data) No need for yet another (of hundreds of ranting posts) thread.... -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
Lionel90 Valued Member United States 392 Posts	Posted 11/16/2019 6:44 pm Homework. Uggh. I went to APMEX and paid the tax but got free shipping. Thanks. Google result. Virginia passed a law in July 2019. Charging tax for sales over $100,000 and 200 transactions. Shouldn't apply to small ebay vendors but would apply to major bullion dealers. We don't need 100 rants - I'll do it all in one post. Edited by Lionel90 11/16/2019 7:02 pm Report this Post to the Staff
BStrauss3 Pillar of the Community United States 4593 Posts	Posted 11/16/2019 10:28 pm Note that per the Virginia page, it's "$100K or 200 transactions" and it's a previous or current year - so if you are a remote seller in 2019, you'll be collecting and remitting tax from $1 in 2020 - means your customers will be paying it... https://www.tax.virginia.gov/remote...onomic-nexus -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ Report this Post to the Staff
Lionel90 Valued Member United States 392 Posts	Posted 11/17/2019 03:57 am Sounds complex. Better not reach that 200 transaction limit. I guess it's different for each state. I won't sell my collection on ebay just yet. Report this Post to the Staff
JGG Pillar of the Community Canada 798 Posts	Posted 11/17/2019 7:32 pm I tried to purchase some silver today and got an error message from ebay that said: This is the first time that I have ever had this problem Report this Post to the Staff
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