Ask Grave Anything (RS Gold)

[Darkworld95]

Hello, someone just scammed me. Can you tell me appropriate way to report them to officials so they can take action?

 

[Viou]

Actually, yes. That's listed under inventory loss/damage. Chargebacks are listed under customer refunds/loss from sales. If you purchase a computer solely for your business, such as botting, that can also be filed off. Other things: RS membership, VPNs, Hosting, software.



When filing a 1099* form for PayPal, it lists your revenue, and fees are already subtracted from this. Therefore, when you receive a $100 payment and get $91 from it, that's the amount you actually received from that sale. You file that as, basically, all gains from your business. Then you start filing off the cost of buying the gold, and all losses. Therefore, PayPal fees are already deducted from this.

Example:
I sold $100,000 in gold; we ignore this number, because we never received the full amount.
After fees, I received $91,000, so this is what I made.
Gold cost me $50,000 to buy, and I had $10,000 in other losses.
My net revenue is $31,000, and this is generally what you pay taxes on, so my taxes would be close to $3000, depending on what I file it under and obviously other factors.

Wrong on the deducting a loss for reset gold. Actually when you are reset nothing really happens to your taxes. It works as a deduction because you just aren't getting revenues. For example, you buy $10,000 worth of gold and get reset for that. That would count as part of your gold purchases (expenses), which would decrease your net income. There is nothing additional that needs to be done. Putting the $10,000 as a business loss would be double counting it, which is obviously illegal.

 

[Black Lamb]

Wrong on the deducting a loss for reset gold. Actually when you are reset nothing really happens to your taxes. It works as a deduction because you just aren't getting revenues. For example, you buy $10,000 worth of gold and get reset for that. That would count as part of your gold purchases (expenses), which would decrease your net income. There is nothing additional that needs to be done. Putting the $10,000 as a business loss would be double counting it, which is obviously illegal.

I don't see where he double counted the 10,000

 

[Grave]

I don't see where he double counted the 10,000

Wrong on the deducting a loss for reset gold. Actually when you are reset nothing really happens to your taxes. It works as a deduction because you just aren't getting revenues. For example, you buy $10,000 worth of gold and get reset for that. That would count as part of your gold purchases (expenses), which would decrease your net income. There is nothing additional that needs to be done. Putting the $10,000 as a business loss would be double counting it, which is obviously illegal.

It all depends on how you file your taxes. Of course if you file the gold you purchase as a stock expense, you can't file it again as a stock loss. The way I did it was I only filed for the stock that was actually used. The rest of the amount was filed as lost inventory (or something similar) rather than restocking expense, if that makes sense. Its just a different way to better organize your expenses on your taxes rather than piling them all into one huge 'expense' for everything.

and do you think the combat rework will effect gold prices?

Yes, as I mentioned previously.

I want to start small scale, like 20m a day with 3 of my friends running bots all day, were tanning hides because they don't have good runescape accounts, so first how should people come around to trusting me? i don't want to scam but I'm relatively new, also I'm really afraid of the charge backs, can i take video and send to paypal to solve those issues? and I really don't know any good ways to gold farm other than frost dragons, but i only have 1 decent runescape account... any ideas for me? I'm also 15 so i don't think i can hire chinese workers lol

For an amount that low I would just go with selling on PlayerAuctions. As for the farming, I don't currently farm so I can't help you with that very well.

Is it viable to pay for bot scripts (I.E RiD for example) to gold farm and actually make a profit?

In other words would it be better to use free scripts to make a bot farm or paid scripts. In the long run what would secure a 200 dollar / day wage or so?

Gold farming has gone downhill. If you do use a paid script, get one for Simba or... EpicBots/Powerbot. Paid scripts are generally better than free, and Simba scripts are currently the best.

Hello, someone just scammed me. Can you tell me appropriate way to report them to officials so they can take action?

That depends on how much evidence you have, where your scammer lives, and where you live. You can use the Report A Scammer section on Sythe.org to get him banned in the community, however, if you want to take legal action, you're going to need a lot of proof and it's generally not cost-effective unless you live in the same state.

 

[❤❥❤❥]

Does RSU Sarah really sell boob pics because I would love some..

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How do you setup a site to sell gold like that?

 

[Viou]

If you are audited, its going to be about 10000000x easier to prove that it was a purchase than a loss, but your call.

 

[Noam]

Approx how much do you make monthly if you don't mind me asking? - After all taxes / deductions / losses / anything else

 

[novaxu]

Hey Grave, first off a big thanks for the thread, very informative.

I'm looking to buy a good chunk of RSGP, around 1b or so soon, and it's been a year since the last time I have bought gold so I need some tips:

1. I'm on summer vacation currently in Korea.
2. I can only use Paypal (mostly due to #1), with a verified account.

What is the best way in buying 1B? I know that Paypal isn't the greatest form of payment here, and I had a lot of trouble last year with it, but it seems to be accepted a little more recently.

Who should I buy it from (any specific names?)? At what price per mill would I get? How can I minimize being caught by Jagex? (Last year, simply bought on a mule account and transferred on the same IP address - yes i know, not smart of me) And just any tips in general?

Sorry for the load of questions man, thanks for your time!

 

Hey Grave, first off a big thanks for the thread, very informative.

I'm looking to buy a good chunk of RSGP, around 1b or so soon, and it's been a year since the last time I have bought gold so I need some tips:

1. I'm on summer vacation currently in Korea.
2. I can only use Paypal (mostly due to #1), with a verified account.

What is the best way in buying 1B? I know that Paypal isn't the greatest form of payment here, and I had a lot of trouble last year with it, but it seems to be accepted a little more recently.

Who should I buy it from (any specific names?)? At what price per mill would I get? How can I minimize being caught by Jagex? (Last year, simply bought on a mule account and transferred on the same IP address - yes i know, not smart of me) And just any tips in general?

Sorry for the load of questions man, thanks for your time!

If paypal is your option, do paypal through player auctions. Why not buy from Grave himself?

 

[Arcus Isidar]

I don't see where he double counted the 10,000

By recording you purchased the gold, and then recording it as a loss again it's technically double counting it because not only would you not have sales to show as revenue for that $10k gold, you're claiming a $10k loss of stock. When I was reset I handled it like this:

January was when I got reset a lot, so in that month, I had about 9b or so more purchased then sold, I think it was about 205b purchased and 196b sold or something, so my profit was less because I didn't sell ALL that I purchased.

 

[Grave]

Does RSU Sarah really sell boob pics because I would love some..

--

How do you setup a site to sell gold like that?

Nope. As for the gold site, it takes a lot of planning and coding. I'm not going to get into the details as your question is very broad.

If you are audited, its going to be about 10000000x easier to prove that it was a purchase than a loss, but your call.

Filing your taxes properly will prevent you from getting audited in the first place. I'm taking the advice I give from my sister, and she's a lawyer so I take her word for it. However, you might be correct as well.

Approx how much do you make monthly if you don't mind me asking? - After all taxes / deductions / losses / anything else

$4,000

Hey Grave, first off a big thanks for the thread, very informative.

I'm looking to buy a good chunk of RSGP, around 1b or so soon, and it's been a year since the last time I have bought gold so I need some tips:

1. I'm on summer vacation currently in Korea.
2. I can only use Paypal (mostly due to #1), with a verified account.

What is the best way in buying 1B? I know that Paypal isn't the greatest form of payment here, and I had a lot of trouble last year with it, but it seems to be accepted a little more recently.

If you need to use PayPal, go with PlayerAuctions, as it will save you and the seller both a lot of headache.

Who should I buy it from (any specific names?)? At what price per mill would I get?

Both Arcus and I would sell that at about $650, up or down based on market conditions. I would recommend us or anyone with great feedback on PlayerAuctions.

How can I minimize being caught by Jagex? (Last year, simply bought on a mule account and transferred on the same IP address - yes i know, not smart of me) And just any tips in general?

I would go ahead and use a good VPN from the USA, as Jagex might get nosier around Korea and other Asian countries known for excessive rule abuse. Otherwise, you should be safe if you purchase it from someone in a low-profile area such as Canada or the US.

 

[novaxu]

Hey Grave and Jack, thanks for the quick replies.

I am trying to use PlayerAuctions, but Paypal does not come up as one of my payment options. I received the verification code and everything, but Paypal does not come up as an option.

Contacted PA about this but until they reply, any idea what's going on?

And if by some reason I cannot use PA, what would be the best option as to buying RSGP via PP? My last resort is forum users online, but as most trustworthy sellers as yourself don't use PP, it would be tough (had to do that last year and it was a huge hassle gathering vouches to even get close to buying in bulk) and I would avoid that.

Looking through the forums, it seems as if PP is being accepted a little bit more widely than last year, but I'm not sure.

Again, thanks for the thread, much appreciated

 

[Grave]

Hey Grave and Jack, thanks for the quick replies.

I am trying to use PlayerAuctions, but Paypal does not come up as one of my payment options. I received the verification code and everything, but Paypal does not come up as an option.

Contacted PA about this but until they reply, any idea what's going on?

And if by some reason I cannot use PA, what would be the best option as to buying RSGP via PP? My last resort is forum users online, but as most trustworthy sellers as yourself don't use PP, it would be tough (had to do that last year and it was a huge hassle gathering vouches to even get close to buying in bulk) and I would avoid that.

Looking through the forums, it seems as if PP is being accepted a little bit more widely than last year, but I'm not sure.

Again, thanks for the thread, much appreciated

Sometimes they block off PayPal to certain people and regions. Other than PayPal, I would post around Sythe and see if anyone's willing to sell via PayPal, but almost no one trustworthy will accept PayPal for an amount that large. I would just go ahead and avoid PayPal all-in-all and use Western Union, Liberty Reserve, or other payment methods that are more secure.

 

[epicdude18]

I'm planning on merchanting GP and have some questions about it.

First is paypal chargebacks. Specifically I have an idea that someone showed me recently. It's basically the purchaser going first and sending the money with a note attached saying they confirm that they have gotten the service(gold) and will not in any way charge back the money. Wouldn't this be an assuring way to use as evidence if the purchaser decides to chargeback the cash?

Maybe I'm not seeing a mistake in that but I was wondering if that would be an ideal requirement when selling the gold.

Also another thing is if I sell+buy gold on an entirely different account that has never interacted in any way with my main but uses the same IP, will Jagex take action against my main if the other account is RWT banned?

 

[Arcus Isidar]

I'm planning on merchanting GP and have some questions about it.

First is paypal chargebacks. Specifically I have an idea that someone showed me recently. It's basically the purchaser going first and sending the money with a note attached saying they confirm that they have gotten the service(gold) and will not in any way charge back the money. Wouldn't this be an assuring way to use as evidence if the purchaser decides to chargeback the cash?

Maybe I'm not seeing a mistake in that but I was wondering if that would be an ideal requirement when selling the gold.

Also another thing is if I sell+buy gold on an entirely different account that has never interacted in any way with my main but uses the same IP, will Jagex take action against my main if the other account is RWT banned?

The problem is, when people chargeback, it's because someone else used their paypal account to make the payment without their acknowledgement, not an issue about whether or not the services were received.

Anyone using a stolen paypal account can write "I received the goods and won't chargeback", so the real owner isn't liable to that.

 

[Yenthe666]

Hey Grave! First of all, its great that you made such a thread for people to ask stuff
I personally will take 'advantage' of it as I have quite some questions!

1. Imagine your a person that would like to make 100$ a month, with minimal effort to pay for college etc. What would you do here on Sythe to make money and how? Trading gold, training accounts, merchanting on RS, .. ?

2. What is your most favoured payment method?

3. Do you have any need of more employees or people that do certain things for you?

4. How old are you? O_O

5. Do you buy fun things and such with the +- 4.000$ profit a month?

Thanks for your time!

 

[Pockets]

My net revenue is $31,000, and this is generally what you pay taxes on, so my taxes would be close to $3000, depending on what I file it under and obviously other factors.

That rate is under 10%. How would it be so low considering you have to cover income tax and self employment?

 

[Grave]

That rate is under 10%. How would it be so low considering you have to cover income tax and self employment?

depending on what I file it under and obviously other factors.

You can reduce your taxes by designating a portion of your house as an office where you conduct business, filing for the gas you use to go pick up Western Union orders, and more. If you fill out an accurate tax report, you'd be surprised on how much the taxes are reduced.

1. Imagine your a person that would like to make 100$ a month, with minimal effort to pay for college etc. What would you do here on Sythe to make money and how? Trading gold, training accounts, merchanting on RS, .. ?

Anything that doesn't require an investment. You can easily make $100 doing graphics, advertising in your signature, and generally helping people out who have money. Maybe you can apply to work with someone, run some bots, etc.

2. What is your most favoured payment method?

It changes. Originally, it was PayPal. After issues with them, I moved onto Google. After issues with Google, I used Plimus for a while. After issues with them, I moved on to AlertPay and Moneybookers. The only one who really withstood the test of time was Western Union, and even then I had some major issues with them a few months ago.

3. Do you have any need of more employees or people that do certain things for you?

A lot of times I do, but the positions fill up fast, and people who I know more on a personal level get the job.

4. How old are you? O_O

18.

5. Do you buy fun things and such with the +- 4.000$ profit a month?

Usually gamble, food, college, movies, and ocassionally blow it on trips and such.

First is paypal chargebacks. Specifically I have an idea that someone showed me recently. It's basically the purchaser going first and sending the money with a note attached saying they confirm that they have gotten the service(gold) and will not in any way charge back the money. Wouldn't this be an assuring way to use as evidence if the purchaser decides to chargeback the cash?

None of your ideas will prevent chargebacks, and they will eventually get you into more trouble than it's worth.

Also another thing is if I sell+buy gold on an entirely different account that has never interacted in any way with my main but uses the same IP, will Jagex take action against my main if the other account is RWT banned?

Once again, not an expert in this, but I think Jagex tracks your hardware, so the safest way to do it would be using a different computer/laptop and having a VPN on that.

 

Best screen recorder you use to video trades? Majority of them all save as massive files, when they're only a few minutes long.

 

[Grave]

Best screen recorder you use to video trades? Majority of them all save as massive files, when they're only a few minutes long.

Hypercam 2, 1 frame per second