Camping with the 1%...
After pulling into and getting setup at our favorite CG here at the Silver Lake Sand Dunes in Michigan in comes this rig! I felt very inadequate at this point: 1 2013 Newmar King Aire. 1 Custom b...
Forum Discussion
msmith1199 wrote:We just went thru an audit on our business and one area they spent a large amount of time on was personal use of a business vehicle. Keep exact records and have all the documentation. The emphasis the IRS puts on this shows there is lots of people doing it wrong.
If you legitimately use those items in your business then yes, you can write off the portion you use for business. But how to you use and RV, two motorcycles, and a Ferrari in a business? I guess it could be done but I doubt it.
Also if you are writing off those things in your business and you also use those things for personal use, and you aren't breaking the law, then you are backing out that personal use portion. So since Mr. Sausage King is also living in his RV, that is personal use and not business use.
