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<p>[QUOTE=&quot;fiddlehead, post: 1330835, member: 31286&quot;]I run several small businesses&nbsp; -&nbsp; I file three separate schedule C&#039;s&nbsp; - it occurs to me that if you were to declare the sale of a coin collection of modest value to the IRS, you could deduct not only the original cost of the coins, but every expense related to their purchase, storage, maintenance, etc.&nbsp; That would include a portion of your communication systems (phone, internet), computer purchases, software and maintenance, publications, mileage to and from the bank (if you use&nbsp; safety deposit box) and any expense incurred visiting dealers or going to coin shows.&nbsp; That could reduce your taxable net profit considerably - if there was any profit to reduce by the time you deducted the basic cost of selling.[/QUOTE]</p><p><br /></p>

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