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what to do with 90s drek?
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63 posts in this topic

On 2/9/2019 at 3:43 PM, lizards2 said:
On 2/9/2019 at 3:38 PM, the blob said:

Can you even take a charitable deduction if you don't itemize? Fewer people are itemizing under the new tax law. I lost $30000 of deductions.

Oregon was so tied to the Fed tax system, that they created a schedule A for use with state returns this year.  So, no, I used the standard deduction for Feds, but could claim charitable donations on my state return.

Can't you simply claim them all as a capital loss to offset any capital gains you might have from your other investments?  hm  (thumbsu

Especially since the tax department apparently expects you to report capital gains on any books which you end up selling for at a profit.  >:(

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52 minutes ago, lou_fine said:
On 2/9/2019 at 3:43 PM, lizards2 said:
On 2/9/2019 at 3:38 PM, the blob said:

Can you even take a charitable deduction if you don't itemize? Fewer people are itemizing under the new tax law. I lost $30000 of deductions.

Oregon was so tied to the Fed tax system, that they created a schedule A for use with state returns this year.  So, no, I used the standard deduction for Feds, but could claim charitable donations on my state return.

Can't you simply claim them all as a capital loss to offset any capital gains you might have from your other investments?  hm  (thumbsu

Especially since the tax department apparently expects you to report capital gains on any books which you end up selling for at a profit.  >:(

As far as I have been repeatedly told, every book/investment stands on its own.

As far as claiming comic books on returns..., :eyeroll:

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4 hours ago, lizards2 said:

As far as I have been repeatedly told, every book/investment stands on its own.

As far as claiming comic books on returns..., :eyeroll:

If you set up your whole comic collection as an LLP or something maybe you can treat these like inventory costs and not deal with capital gains on each sale if you are reinvesting and makinf capital losses on other stuff

Of course, I'd talk to a tax specialist about that. All I know is from the google and you get 79 different answers and suggestions there.

 

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17 minutes ago, the blob said:
4 hours ago, lizards2 said:

As far as I have been repeatedly told, every book/investment stands on its own.

As far as claiming comic books on returns..., :eyeroll:

If you set up your whole comic collection as an LLP or something maybe you can treat these like inventory costs and not deal with capital gains on each sale if you are reinvesting and makinf capital losses on other stuff

Of course, I'd talk to a tax specialist about that. All I know is from the google and you get 79 different answers and suggestions there.

 

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7 hours ago, Whizzer said:

There's no such thing as drek anymore.  So many formerly junk books have become hot due to movie or tv announcements that you just might regret dumping them.

Second this. There are books I’ve donated because I didn’t think they’d ever get hot. Fast forward 2 years later...that stack of $0.25 books I gave away are worth $15-$20 each. If you feel like you must get rid of them, hold onto any newsstands, 2nd printings, or JCPenney reprints. 

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What's interesting is that even the drekkiest drek, like ugly Image books, still have a pretty vocal following, and it seems to be growing. For example, Michel Fiffe, who produces Copra (a terrific book) has been a vocal supporter on social media of comics that have been crapped on for years. Sure, he likes "cool" and "acceptable" stuff like 80's Suicide Squad, Keith Giffen, Walt Simonson etc But he's also an unabashed and apparently totally non-ironic fan of 90's Image books like Bloodstrike. The generation that grew up on this stuff is coming into its own, and they aren't ashamed of their influences. I continue to see "bad" 90's original cart prices creep ever upward. If I'd been smart, I'd have bought more of it when it was dirt cheap. 

The Drek is having its day, folks! 

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1 hour ago, F For Fake said:

What's interesting is that even the drekkiest drek, like ugly Image books, still have a pretty vocal following, and it seems to be growing. For example, Michel Fiffe, who produces Copra (a terrific book) has been a vocal supporter on social media of comics that have been crapped on for years. Sure, he likes "cool" and "acceptable" stuff like 80's Suicide Squad, Keith Giffen, Walt Simonson etc But he's also an unabashed and apparently totally non-ironic fan of 90's Image books like Bloodstrike. The generation that grew up on this stuff is coming into its own, and they aren't ashamed of their influences. I continue to see "bad" 90's original cart prices creep ever upward. If I'd been smart, I'd have bought more of it when it was dirt cheap. 

The Drek is having its day, folks! 

Ii got rid of a lot of my most terrible Image books donating them to a thrift shop and claiming they were worth $2 each, so i guess I got about 65 cents of tax deduction out of them. One less box to trip over though.

 

 

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2 hours ago, the blob said:

Ii got rid of a lot of my most terrible Image books donating them to a thrift shop and claiming they were worth $2 each, so i guess I got about 65 cents of tax deduction out of them. One less box to trip over though.

 

 

Good idea👍‼️😷

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8 hours ago, awakeintheashes said:

Second this. There are books I’ve donated because I didn’t think they’d ever get hot. Fast forward 2 years later...that stack of $0.25 books I gave away are worth $15-$20 each. If you feel like you must get rid of them, hold onto any newsstands, 2nd printings, or JCPenney reprints. 

Agree. Luckily I’ve only got around 3000 books but it’s so hard to get rid of dollar books unless you do shows and then when I think of just getting rid of them by the box or something I always find 2-3 that are now $30 books which makes up for one of those makes you cringe at the idea of selling a long box for $20 or $30.

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15 minutes ago, Coverless 9.8 said:

Have them graded!  It makes garbage look better to the uninitiated! :wink:

Take then to an artists table for signatures a box at a time then get them slabbed. Yellow labels look nicer and make them worth more. 

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1 minute ago, Remyvt said:

Agree. Luckily I’ve only got around 3000 books but it’s so hard to get rid of dollar books unless you do shows and then when I think of just getting rid of them by the box or something I always find 2-3 that are now $30 books which makes up for one of those makes you cringe at the idea of selling a long box for $20 or $30.

My image books I did not pay for, so I did not feel bad about dumping them. my brother used to "read" this in the 90s. He'd buy a big stack every week, "read" them, and then just give them to me because his fiance got mad if his comic pile got too big.

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8 hours ago, Remyvt said:

Take then to an artists table for signatures a box at a time then get them slabbed. Yellow labels look nicer and make them worth more. 

He can get the writer known as X to sign his copy of The Brotherhood!  :wink:  I know this is 2000's drek!  Put it in front of Howard Mackie and see if he signs it!  :wink:

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On 2/8/2019 at 8:16 PM, SteppinRazor said:

Getting rid of my collection.  I've sold a lot of runs and individual stuff on the forum, but I don't know what to do with high grade drek.  It doesn't seem worth schlepping it to a store, and I can't imagine it's worth the shipping to sell it online.  I'm going to use a little bit of it for some artwork I have in mind, but not much.

They're all bagged and boarded, maybe those are worth selling? :nyah:

I’m trying to find 9.8’s of Swamp Thing #124, #143, #147, and #170.  If you have them, PM me.  Also if you check the copper age Fantastic Four thread, there are a couple of people trying to put together 9.8 runs from the 80’s and 90’s and are missing some issues that you may have.  I have to believe that there are hard core completists that want your high grade copies (maybe)

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On 11/19/2020 at 12:27 PM, F For Fake said:

What's interesting is that even the drekkiest drek, like ugly Image books, still have a pretty vocal following, and it seems to be growing. For example, Michel Fiffe, who produces Copra (a terrific book) has been a vocal supporter on social media of comics that have been crapped on for years. Sure, he likes "cool" and "acceptable" stuff like 80's Suicide Squad, Keith Giffen, Walt Simonson etc But he's also an unabashed and apparently totally non-ironic fan of 90's Image books like Bloodstrike. The generation that grew up on this stuff is coming into its own, and they aren't ashamed of their influences. I continue to see "bad" 90's original cart prices creep ever upward. If I'd been smart, I'd have bought more of it when it was dirt cheap. 

The Drek is having its day, folks! 

Which Image drek books are starting to  get hot?  I guess Image newsstand are usually sold pretty quickly since they can be found pretty cheap still...

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