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<p>[QUOTE=&quot;Jeff Drum, post: 5718589, member: 6444&quot;]I think the difference is that you are running a business and have always viewed it as such.&nbsp; I haven’t been. One test in my state is whether you have tax number to avoid state tax on purchase; I don’t have a number so always pay retail tax on purchase. I don’t deduct my car as a business expense - it is just my car. And I don’t have receipts since I have been buying at full retail price (though I recognize most the stuff I buy as being severely underpriced).</p><p><br /></p><p>Another more abstract test is what people keep. I’ve noticed that the collectors on this site keep the best items they find because that is the whole goal of collecting. But the dealers always sell their best items because that is where the biggest profit is. Which makes perfect sense because it is fundamentally a business. But clearly a very different set of goals.</p><p><br /></p><p>When someone retires and wants to pare out excess stuff does that necessarily make it a business? I’m not so sure.</p><p><br /></p><p>Does anyone know - if you take personal possessions to auction site like Christies, are you supposed to declare that as business income? I doubt it, but would be interested to know.[/QUOTE]</p><p><br /></p>

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