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<p>[QUOTE=&quot;silentnviolent, post: 1861813, member: 8797&quot;]Say a coin collector decides to become a dealer, starts a business as a b&amp;m. He is no longer interested in collecting. There appear to be two &#039;correct&#039; ways for the coins to get from his home to the showcases:</p><p>&nbsp;</p><p>he basically invests them with the business, then using their sale price and/or marked values he can write them off as personal money used toward the startup of the business(inventory)............ Do I have that right?</p><p>&nbsp;</p><p>a business loan for inventory could be used to buy out said business owner&#039;s collection?</p><p>&nbsp;</p><p>&nbsp;</p><p>&nbsp;</p><p>OR, say the business does well on its own for a while. The dealer now decides that the revolving inventory pleases him more than the personal collection he has locked away somewhere and never sees anymore. His business can buy those coins from him at or just under retail. He must claim this as personal income / business expense.</p><p>&nbsp;</p><p>since it is the topic, I may as well ask. You can only have one start and it can determine everything.[/QUOTE]</p><p><br /></p>

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