In an effort to diversity my miles and points strategy I'm wading into the GC reselling arena. I've made a few small sales already as I get my feet wet, but I'm looking for info on the taxes of all this. Granted, the CC rebates earned will not be taxable, but any profit on the cards are.
I haven't found much out there, other than this useful post:
...as you can see in the comments there are differing opinions on functioning as a sole prop vs an LLC. As I get deeper into all this I can't help but wonder about other risks out there I may have overlooked.
Anyone out there with experience card to share some advice on how to approach this?
I haven't found much out there, other than this useful post:
Code:
http://moneymetagame.com/metagame/making-the-gift-card-business-official-gift-card-ark-llc-is-born/
Anyone out there with experience card to share some advice on how to approach this?