Anyone know the the class life of race car? Would it be personal property with no class life and use 7 years?
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Confucius say:
He who sits on tack is better off. -
Not a Hobby???
He better make money. Paul Menard is in Daytona this weekend. Menard Racing, I think his Dad was the owner, was audited in the late 90s-IRS won and I think the amount of lost deductions was a couple of million. Wish I could give you a life, but do not know. -
5 year auto. Luxury limits apply.
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