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<p>[QUOTE=&quot;Detecto92, post: 1861255, member: 75105&quot;]What if you bought it as a business, and had it in your shop 5 years, and no one ever bought it?</p><p><br /></p><p>Splitting hairs further, what if you bought the coin as a business, but ask such a high price, that no one ever buys it?</p><p><br /></p><p>See what I mean?</p><p><br /></p><p>If you buy a coin as a business, then it goes in your inventory, and inventory is an asset as such listed on your balance sheet.</p><p><br /></p><p>At the same time, YOU own the coin, so it technically is both in your collection, and in your inventory.</p><p><br /></p><p>Also, if you buy something as a business, and decide later not to sell it, then what do you do?</p><p><br /></p><p>Take for example people who buy cars, restore them, and later resell them. If someone buys a car and restores it..I don&#039;t think there is anything in tax law that stipulates they HAVE to sell it.</p><p><br /></p><p>Even if they had to, they could drive it around with a for sale sign on it for only 10 million dollars.</p><p><br /></p><p>That&#039;s the thing, there are no specifics to it.</p><p><br /></p><p>Of course, if you have a business of making wooden furniture, you can&#039;t buy a hot tub and write it off as a business expenses.</p><p><br /></p><p>But if your in the business of making wooden furniture, and buy lumber as a business, build a piece of furniture, but decide later to keep it, then what happens?</p><p><br /></p><p>Take the TV show &quot;American Pickers&quot;, they are in the <b>business</b> of buying and selling antiques.</p><p><br /></p><p>But go into their house, and you would probably find a ton of antiques they purchased, and then kept for themselves.</p><p><br /></p><p>Since they are in the business of such, it&#039;s not like their is some form they fill out and then go &quot;OK, we are buying this for ourselves, and not to resell&quot;</p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>I would need a huge&nbsp; building, a paper punch machine, a mylar laminating maching, a plastic die mold injection machine..</p><p><br /></p><p>I would need millions to do that.[/QUOTE]</p><p><br /></p>

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