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<p>[QUOTE=&quot;Detecto92, post: 1861039, member: 75105&quot;]I&#039;ve gotten an EIN from the IRS and am working on getting a state tax ID.</p><p><br /></p><p>I&#039;ve recently started a small business selling coin supplies.</p><p><br /></p><p>Now...I understand that if you buy something from your business, you can write it off.</p><p><br /></p><p>So if I buy a coin for &quot;my business&quot;, can I write it off?</p><p><br /></p><p>Legally speaking, if I&#039;m in the business of buying and selling coins, and buy a coin, I can write it off. But what specifics are there?</p><p><br /></p><p>Who&#039;s to say I bought the coin for my business, and not for myself?[/QUOTE]</p><p><br /></p>

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