PayPal Friends & Family listings. Why is this becoming so common?

I think most sellers now realize they are not going to have a taxable profit.

The F&F listings at market price don't seem to sell.

It seems like buyers demand around a 20% discount to take on the added risk of F&F.

I'm really just curious to hear what buyers & sellers think of this practice.

seanheis110-25-2024 4:38am

krelldog Details Discussions Posts This discussion Message User 321 posts 10-25-2024 at 11:19pm Copy Comment URL Report Comment Edit Delete OZZY- Are there daily limits with Venmo ?
ozzy62 Details Discussions Posts This discussion Message User 3,101 posts 10-25-2024 at 11:53pm Copy Comment URL Report Comment Edit Delete Not sure. My wife has had an account for a while, I just recently opened mine and haven’t used it yet.
lalitk Details Discussions Posts This discussion Message User 5,388 posts 10-26-2024 at 12:08am Copy Comment URL Report Comment Edit Delete @krelldog As you know, IRS requires documentation. If you bought an amp for $2500 and sold it for $2K then you shouldn’t pay any tax cause you actually took a loss. I keep records of all transactions upto 5 years. I prepare an excel spreadsheet each year of all of my purchases and resale transactions and keep it handy for IRS.
viridian Details Discussions Posts This discussion Message User 5,007 posts 10-26-2024 at 12:50am Copy Comment URL Report Comment Edit Delete Krellpuppy, making false statements, to bolster your dubious credibility, and then doubling down on them, is in keeping with the current climate; you must feel right at home, LOL. That’s what I got out of your little temper tantrum.
oldschool1948 Details Discussions Posts This discussion Message User 499 posts 10-26-2024 at 12:52am Copy Comment URL Report Comment Edit Delete I just ignore anyone who insists on F&F.