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<p>[QUOTE="medoraman, post: 1367919, member: 26302"]Well, business can be done however two people wish. Who are you to dictate the terms under which two people do business? What you prefer does not mean that I prefer it, so why is it "unbusinesslike"? Every day deals are still done in this country with a shake of the hand, no paperwork at all. Again, business is done how someone prefers, there is no "right" answer. </p><p><br /></p><p>Regarding the taxes on coins, it depends on the nature of the coins, does it not? Maybe your tax expert was thinking of junk silver coins, which can be argued to not be subject to collectible cap gains rate, but ordinary investment income cap gains.</p><p><br /></p><p>Chris[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1367919, member: 26302"]Well, business can be done however two people wish. Who are you to dictate the terms under which two people do business? What you prefer does not mean that I prefer it, so why is it "unbusinesslike"? Every day deals are still done in this country with a shake of the hand, no paperwork at all. Again, business is done how someone prefers, there is no "right" answer. Regarding the taxes on coins, it depends on the nature of the coins, does it not? Maybe your tax expert was thinking of junk silver coins, which can be argued to not be subject to collectible cap gains rate, but ordinary investment income cap gains. Chris[/QUOTE]
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