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Updated over 1 year ago on . Most recent reply presented by

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33
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Hunter Purnell
  • Real Estate Agent
  • Wellington, FL
19
Votes |
33
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Sports car with advertising a valid deduction?

Hunter Purnell
  • Real Estate Agent
  • Wellington, FL
Posted

Example. Buy a Corvette and put lettering on the back windshield “Will buy your house as-is for cash! Call xxx-xxx-xxxx” or make a website for people to fill out a form. I actually think this would be pretty good advertising. Also use the vehicle to look for deals and travel to meetings etc. 

 Has anyone done this? Any red flags from your accountant? I would think this would be fine as long as it’s used for business. And if used for personal only write off % used for business which I have done for a truck in the past. 

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Hunter at Allodium Real Estate

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3,053
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3,180
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Corby Goade
  • Investor
  • Boise, ID
3,180
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Corby Goade
  • Investor
  • Boise, ID
Replied

Not an accountant, but I'd imagine you could write off the decals, but not the car.

As an active investor, I'd probably not ever want to do a deal with a wholesaler driving a corvette around, talking about buying houses with "cash." 

  • Corby Goade

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