914's and taxes, how do I write off my a/x car? |
|
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG.
This site is not affiliated with Porsche in any way. Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners. |
|
914's and taxes, how do I write off my a/x car? |
Trekkor |
Dec 9 2004, 11:53 PM
Post
#1
|
I do things... Group: Members Posts: 7,809 Joined: 2-December 03 From: Napa, Ca Member No.: 1,413 Region Association: Northern California |
I "sponsor" myself. I have permanent advertising on the car for my business.
How do I legally write off my car as a business expense. Or am I just entitled to the cost of the window banner? What do the big sponsors do? (IMG:style_emoticons/default/confused24.gif) KT |
scotty914 |
Dec 10 2004, 05:03 PM
Post
#2
|
suby torque rules Group: Members Posts: 1,525 Joined: 20-July 03 From: maryland, the land of 25 year Member No.: 924 |
talked to retro74 (long lost member) who is a cpa
if you are not racing for profit IE it is a hobby the irs will slam you, if you have car business then the ax ing could be considered a business advertizing right off. like racer chris can right off some racing as testing, but tekkor has a tile business, no relation. he could sponsor a nascar team though nough said |
Lo-Fi Version | Time is now: 27th September 2024 - 12:08 PM |
All rights reserved 914World.com © since 2002 |
914World.com is the fastest growing online 914 community! We have it all, classifieds, events, forums, vendors, parts, autocross, racing, technical articles, events calendar, newsletter, restoration, gallery, archives, history and more for your Porsche 914 ... |