Tax deductability of a Delorean?
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Tax deductability of a Delorean?
- From: "Hank Eskin" <heskin@xxxx>
- Date: Fri, 29 Dec 2000 15:51:01 -0500
Hello all,
I bought my Delorean this year, and am wondering this: Suppose I had put
large (removable, of course) advertisements for my website on the sides of
the car, and drove it around town to advertise - how much of the car's
purchase price is deductible or depreciatable? Since I didn't put alot of
miles on the car, I don't think it makes sense to claim the standard mileage
rate. Anyone in a similar situation? I know alot of people have bought their
cars as part of their business - I'm curious as to how you deduct the
expenses. Please email me privately (heskin@xxxx) if you don't
want to discuss on the list.
Thanks in advance, and happy new year!
-Hank
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