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Bike graphics and big decals on your trailer? Do the big decals say "Steal Me"?
It's a fine line with them. You can write it off as 'advertising expense', but if your business is lawn care, the IRS will ask how often the trailer is used for lawn care, vs how often it is used for non lawn care. It's not a deductible item while you're using it for MX...but the decal advertising your lawn company is.
Just like company cars.... if you buy a car as a company car, it is only to be used for company travel. And going to and from work isn't qualified as 'company travel', per the IRS. So then you have to determine how much you use it for official company travel (calling on customers, making service calls...) and how much is used for leisure (going to work, going to the track, going to dinner)... and you'll have to claim that percentage as an income from the company.... Clear as mud, huh!? lol
The Shop
Be it health, life, or auto insurance... I trust them about as much as I trust politicians.
Post a reply to: Moto tax write offs?