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[GMCnet] RV's & Taxes [message #260477]

Fri, 29 August 2014 17:03

Ken Henderson

Messages: 8726
Registered: March 2004
Location: Americus, GA

Karma:

Senior Member

For those few of you who deduct RV expenses as business expenses, as I did
for a few years after starting to sell wiper kits, you'd better read this:

http://www.forbes.com/sites/peterjreilly/2014/08/25/home-sweet-rv-does-not-always-produce-best-tax-result/

Since I never showed a profit on the wipers, I became worried about being
audited after a few years of losses. My tax accountant friend said "...Don't
worry about it, I've got clients who haven't shown a profit in 15+
years...". But I didn't feel right about it, so i quit. This ruling might
indicate that others should follow suit.

Ken H.
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Ken Henderson
Americus, GA
www.gmcwipersetc.com
Large Wiring Diagrams
76 X-Birchaven
76 X-Palm Beach

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		[GMCnet] RV's & Taxes By: Ken Henderson on Fri, 29 August 2014 17:03
		Re: [GMCnet] RV's & Taxes By: jhbridges on Mon, 01 September 2014 09:19

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