Selling EK books is legal right?

[dhbighit]

---

Members don't see this ad.

I know kaplan and PR is illegal, but EK books are legal right?

 

[theroadtomed]

What? How can it be illegal to sell a book you bought?

 

[DrYoda]

What? How can it be illegal to sell a book you bought?

I would like to know this as well. Dell can't tell me I can't sell my laptop, why the hell could Kaplan they tell me I can't sell a book? Also, if it were illegal how in the world would they regulate that?

 

[THX]

😕 😕 😕 😕 😕 😕 😕

 

[Myuu]

I don't have one on me at the moment, but terms of resale are generally listed behind the title page near the bottom. This is the same area in which you'll find the standard-issue "book without a cover" clause.

 

[lord_jeebus]

What? How can it be illegal to sell a book you bought?

Some test prep companies will give you books with study courses, and require that you sign a contract acknowledging that they remain the property of that company and that you agree not to sell them.

Selling such a book is not illegal if you didn't sign that contract. If you did, it's probably theft, plus a violation of your contract.

 

[theroadtomed]

Some test prep companies will give you books with study courses, and require that you sign a contract acknowledging that they remain the property of that company and that you agree not to sell them.

Selling such a book is not illegal if you didn't sign that contract. If you did, it's probably theft, plus a violation of your contract.

That's different. That'd be like selling your textbooks to someone while in highschool, knowing that they belong to the school. THe way the OP worded it seemed to imply a Kaplan or PR book that they bought at barnes and noble.

 

[capn jazz]

That's not like selling a book you borrowed from HS because when you take a course, you can absolutely keep the books that you're not "allowed" to resell.

 

[khadija]

dhbighit, yes you can sell ExamKracker books. The books they use in the course are the same ones they sell in bookstores.

 

[bugalow121]

who cares man. i mean, probably 99.99999% percent of people who sell their mcat books do it illegally because they don't claim it on their tax returns and take cash for it.

 

[cpa2md]

who cares man. i mean, probably 99.99999% percent of people who sell their mcat books do it illegally because they don't claim it on their tax returns and take cash for it.

If you sell it at a loss (as almost everyone would), it is not only not required to be listed on your tax return, it's not a deductible loss or anything else. It's in the same category as selling your car. It's personal property, sold at a loss. Too bad. 😉 If you make money on it, it's a capital gain reportable on Schedule D, or if you're in the business of selling them, it's Schedule C.

Garage sales are in the same category.🙄

 

[bugalow121]

If you sell it at a loss (as almost everyone would), it is not only not required to be listed on your tax return, it's not a deductible loss or anything else. It's in the same category as selling your car. It's personal property, sold at a loss. Too bad. 😉 If you make money on it, it's a capital gain reportable on Schedule D, or if you're in the business of selling them, it's Schedule C.

Garage sales are in the same category.🙄

dang you, you golden oldie cpa you,