Forum Discussion
Matt_Colie
Apr 05, 2017Explorer II
After we made our first and less than successful excursion with our current coach, I elected to put it to use in our boat work business. I did the tax work back by keeping two logs with the help of telephone and GPS trackers for mileage and the business log for days in use. Until the abrogation and the resulting depression, it was easy. I never got any time off and the coach was only used for business. Then, when the depression set in in 2010, I got a "vacation". That year, I split the mileage costs by the business/pleasure ratio. I split the total maintenance costs by days in uses also business/pleasure. I directly attributed the business only expenses like the printer-scanner and its little inverter, the fixed fire suppression system demanded my the insurance and the cell phone repeater. I had a lot of very long talks with a number of auditors. They thought that they won. What they did not know was that some things were just amortized in the next year.
It was all a lost cause anyway, because with the depression deepening and sailboat racing being a completely discretionary expense, the business dried up and by 2014 it was not able to pay the cellphone bill and has now been completely closed up.
Matt
It was all a lost cause anyway, because with the depression deepening and sailboat racing being a completely discretionary expense, the business dried up and by 2014 it was not able to pay the cellphone bill and has now been completely closed up.
Matt
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