Every time someone trades in a pedal or guitar through Reverb, I end up with a stack of forms that don't match the online portal. The tax stuff alone is driving me nuts. Anyone else drowning in this?
Inventory
Reverb trade-ins are creating a paperwork nightmare
I stopped doing trade-ins altogether. Not worth the headache.
Wait, Reverb has a trade-in program? I thought it was just a marketplace.
They rolled it out for brick-and-mortar shops. Basically you take in used gear and they handle the resale. The paperwork is brutal.
Yeah,it's supposed to be turnkey. It's not. The portal and the physical forms are always out of sync.
Have you tried exporting everything to CSV and then re-importing? That worked for me until they changed the tax column names last month.
Tax column names? That sounds like a personal hell. I'm sticking to cash only.
My accountant quit because of this. Not even joking.
there's a guy on YouTube who made a template that syncs with the portal. I can find the link if you want. It's not perfect but it saves a few hours.
That would be great, send it over.
The real issue is the 1099-K thresholds. I had to reconcile three different reports just to figure out what I owed.
This is why I only trade with other dealers now. Handshake, cash, done.
Handshake deals are great until you need a paper trail. Ask me how I know.
Here's the link: [removed by mod]. It's a bit janky but better than nothing.