Good year gun wise...
During 2018 I bought 4 guns spending a total of $1,800 and sold 6 guns for $5,000 (realizing about $2,000 profit). The plan was to lose a few.
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Doc i am getting my laundry room painted and a new floor put down and my friend wants a 22 rifle for the work.
His son is part of some club at school that shoots 22lr and uses open sights. I would rather pay him than get rid of a gun but i have a lot of 22lr rifles so its smarter to just let 1 slip away.0 -
If you're not selling off safe Queens (investments), and the guns that you are selling off are firearms that you know you will never use again, you did good! 0 -
Sounds like a good year! 0 -
I did sell some good ones. I was raising cash to kill my mortgage and you can't make serious money selling the junk guns. I sold three beautiful S&Ws. A 4" 29-2 in nearly new condition, a nickel 27-2 also nearly new, and a really nice 25-2. These brought a total of $3,600. I had about $1,500 invested in them. 0 -
PSA emailed me big sloppy kisses for all the goodies i got from them this year. 223, 7.62x39, and 308. and between PSA and Midway enough ammo to outfit some south american dictatorships.[:D] plus 5 purchases on GB it was a very good year 0 -
Almost sounds like you are trying to make a profit. [:D] 0 -
If you keep losing 2 per year you will hit zero three years after you die. You are selling them too fast.[:)] 0 -
I?m sure your going to report the profit from the gun sales on your income taxes. 0 -
quote:Originally posted by gjshaw
I?m sure your going to report the profit from the gun sales on your income taxes.
And get an FFL, after all you are making a profit...0 -
quote:Originally posted by Doc
During 2018 I bought 4 guns spending a total of $1,800 and sold 6 guns for $5,000 (realizing about $2,000 profit). The plan was to lose a few.
Uhhh,.......................................wouldn't that be $3200 profit?0 -
quote:Originally posted by remingtonoaks
quote:Originally posted by gjshaw
I?m sure your going to report the profit from the gun sales on your income taxes.
And get an FFL, after all you are making a profit...
I honestly don't have any idea what I have in 90% of the firearms I own. Pretty stupid I guess. Sold about 15 here and bought about 6 - So I am getting there -0 -
My rule is:
Everyone should own at least one gun for every year of their life.
The number of guns over my age just insures that-much of a longer life.
Would you rather listen to me or some greedy lying doctor?0 -
84Bravo1- I spent 1,800 on new guns and reaped 5,000 in sales of old guns. That doesn't make 3,200 profit. I had about 3,000 invested in the guns I sold making a 2,000 profit. 0 -
quote:Originally posted by Doc
84Bravo1- I spent 1,800 on new guns and reaped 5,000 in sales of old guns. That doesn't make 3,200 profit. I had about 3,000 invested in the guns I sold making a 2,000 profit.
Don't worry, I am not the IRS/ATF. [:D]
Just busting your chops Brother.0
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