Thanks guys for the info.

is the car abandoned?

Just got back from a 2 unit auction.  A TON of people for a friday auction in central oregon.  Unit #1 10x 10 1/4 full ( previous owner went to jail ) one couch will a ton of stains,  particle board desk, and about 20 boxes.  About half of the boxes in the unit had markers that said dishes.  The unit sold for $155. 

You could tell everyone was itching to spend some money today.  Unit #2 was a 5x10.  The doors opened up and it was packed.  I always try and let the crowd run up to the door while i wait till the end to look. So i am walking to the door and then i think to myself no F&*^ way.....Sh*& . What i noticed as i got closer was the padded wood, then another foot closer I for sure knew it was a Waterbed.  The 5x10 had a complete waterbed, 3 boxes that said " Ryan ", two dining table chairs, and a cheap coffee table.  It was at $175 when i decided to leave. 

Overall a real bummer.

I know SS# snooping and credit card snooping are no no's but what about gas station reward points?  These people left a Speedway rewards tag in the unit.  Do I go and try to redeem the points or not?  To be clear the card holds no actual credit card or personal info, just points that can be redeemed for gift cards, gas cards and the like.

I say do it!

I would have bid on that stinky locker all day long for a $1.  I love bikes and rusty bikes are cool( people love them for decor in the garden).  I could have taken that fridge to the scrap yard for a good $30 in my pocket.

3,000 for some desks?  You won that battle.  Those kids are gonna be calling Sallie Mae for an extension, since they just blew the FASA on a get rich quick scheme.

BUY IT!!!!

Teacher,

Thanks so much.  I called my local scrap yard here in central oregon and they offer 1.22 per pound for insulated copper and will give me .65 a pound for the ends.  that will add up to a nice pile of change.

A friend of mine that owns a tax service asked me if I have a business license and if I’m keeping track of everything I buy and sell.

I am keeping track but I haven’t really had intentions of turning this into a legit business.
Has anyone heard that it’s necessary? I have a job and I’m a student so in my mind this was just a fun way to make some extra money.

She said that if you make more than $600 in a year the IRS requires a business license. I guess the storage place reports the auction winners and eBay reports their sales so there is a paper trail of the purchase and sale of each item.


I asked her about deductions and she said all these things are deductible plus more.
1) Cellular telephone bills and a portion of a land-line if applicable
2) Vehicle Gas, repairs and interest on car loan OR mileage.  This one requires greater explanation but mileage is usually better.
3) A portion of your rent and household utilities.
4) Bank Charges.
5) Internet Service.
6) Newspapers & any other advertisement purchase source to locate storage units or auctions.
7) Clothing attributed to this business,  gloves, jeans, t-shirts, etc.
Shipping, Freight & postage fees
9) Packing & shipping materials
10) Office supplies

Do you guys have business licenses? Do you think is it something I need to consider?