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Posted By: warshawlaw

Card collecting is always a hobby. Assuming you meant to ask when dealing becomes a business, the answer is that it is a business whenever you decide it is a business. There are some VERY hairy rules involving regulation on local, state and Federal levels, including the dreaded IRS "hobby" rules which require a profitable enterprise for at least 3 of 5 years. If you have a specific question, you will need to buy the time of a CPA or tax attorney. Treating your collection as dealer inventory also can void any personal articles coverage you have unless it expressly covers business inventory.