RV Business Expenses
We are looking at working on the road. The question is when we are on the road in a motor home, what all can we write off as business expenses? The cost of travel? The cost of the motor home? Food...
Forum Discussion
Bzeitham wrote:
Thanks for all the input. Yes, you are all correct in suggesting a tax pro for this. Also, I feel that forming an LLC for this venture makes sense also. The real reason I asked the question was to determine how much savings we might get by using an RV rather than staying in hotels/motels. First, I like living in our own dirt and clutter...secondly living on the road eating in restaurants is bad for my health. Guess it really does not make a big difference about the tax write off thing because it's really about living the way we want to on the road.
Again, thanks for all the input.
Look carefully into the advantages and disadvantages of the different corporation classifications. When I operated my business at home, LLC, made best sense. I'm now mulling the other types of corporations to see what will give me the better bang for my funds and reduced personal liability insurance costs on the road.
HTH.
Oh and a P.S: What state you incorporate in can make a world of difference. Last time out I incorporated in NY...next time MD is looking good but so is Panama for different reasons.
