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<p>[QUOTE=&quot;medoraman, post: 995238, member: 26302&quot;]If the coin was purchased in say Nevada, (just example, I do not know their sales tax regarding coins), then you wouldn&#039;t be charged CA sales tax. If NV does not tax it, then you won&#039;t be charged any sales tax. If you bring the coin back to CA then legally, based upon CA law, the good brought in is subject to CA use tax. Even if you inherit a coin and not buy it, by bringing it into CA you owe a use tax. To get around that you could keep the coin in NV and not bring it into CA therefor no use tax would be owed. CA cannot tax you for an asset purchased and kept in another state, though they have and will continue to try to. The bottom line is states are truly desperate for money, and are passing all kinds of laws to raise money, many of them unconstitutional. The use tax, though, has been ruled constitutional IF you bring an asset into the state and &quot;use&quot; it. Simply owning a coin is considered &quot;use&quot;</p><p><br /></p><p>States have been going to sales held in the state or being auctioned from the estate of someone in that state and systematically charging use tax for all of the coins, and making the owner &quot;prove&quot; they already paid sales tax. The burden of proof, after the state has levied a proposed tax, is on the owner to prove they already have paid the tax unfortunately.</p><p><br /></p><p>I was in corporate tax responsible for CA among other states. I spent way too much time going over this stuff. Its upsetting and unfair, but that is the law in those states unfortunately.[/QUOTE]</p><p><br /></p>

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