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Originally Posted by easyrider13
Is the Corvette tax deductible?
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Well, funny you should ask that, because I did look that up. There doesn't seem to be any restriction on what
type of vehicle you buy to use in your business. But there is a limitation ($15,000, I think) on what the IRS classifies as a "luxury" automobile, that prevents you from recovering the entire business portion of the expense during the normal 6 year recovery period.
But still, if you can do it, then why not?
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