Race Car

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  • RLymanC
    Senior Member
    • Sep 2005
    • 653
    #1

    Race Car

    Anyone know the the class life of race car? Would it be personal property with no class life and use 7 years?
    Confucius say:
    He who sits on tack is better off.
    Tags: None
    • JON
      Senior Member
      • Jul 2005
      • 1265
      #2
      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.

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        • Unregistered
          #3
          5 year auto. Luxury limits apply.

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