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<p>[QUOTE=&quot;CamaroDMD, post: 1861259, member: 5233&quot;]There isn&#039;t a law that says that.&nbsp; But, there is a law that says if you buy something for yourself...you must pay taxes on the money you used to purchase that item.&nbsp; Even people who restore cars. </p><p><br /></p><p>Think of it like this...lets say you won a brand new car in a raffle.&nbsp; Let&#039;s say it&#039;s a 2014 Camaro (why not).&nbsp; That 2014 Camaro 2SS black with white stripes (again, why not) has an MSRP of about $37,000.&nbsp; That car is considered income under tax law and you must pay taxes on that income.&nbsp; </p><p><br /></p><p>The same thing is true for a coin you buy with your business account for yourself.&nbsp; That is income.&nbsp; You have to pay taxes on it or you are breaking the law...there is no way around it.&nbsp; No matter how much you try and argue the point, you are wrong.[/QUOTE]</p><p><br /></p>

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