taxes - vehicle issue

[James Grebe]

----------
> From: PatWilbur@aol.com
> To: pianotech@byu.edu
> Subject: Re: taxes - vehicle issue
> Date: Wednesday, April 09, 1997 8:13 PM
>
> James Grebe writes:
>
> >	Have any of you who have a vehicle that is soley (100%), therefore
fully
> >deductable seen the question on this years tax return.  It is on the
back
> >page of form 4562 Depreciation and Amortization.  Part V line 32 and
> >states,
> >	 "Was the vehicle available for personal use during off-duty hours?
May I
> >ask what is the difference.  What does that have to do with anything.
> >line 35 already asks if there is another vehicle you use for personal
use.
> >
> >
> These are not new questions. They are used to help determine the
> believability (audit potential) of your deduction for vehicle expenses.
>
> If you have a vehicle that is used for both personal and business
purposes,
> you are supposed to keep a mileage log to document your deduction. If you
> answer that your vehicle was both "available for personal use during
off-duty
> hours" and that you do NOT have "another vehicle you use for personal
use"
> and you claim 100% business use of a vehicle, then you are really going
to
> fail the reasonableness check. Get it?
>
> I hope I've been some help, but if you need a pro please see my previous
> post...
>
> Pat Wilbur (former tax accountant)
> Fort Worth, TX
>
> "I worked hard to get where I am. Where am I?"

This still looks like a tricky question to me.  It is like asking you a yes
or no question in which you answer and then you are asked, are you sure?
I guess I don't trust the IRS as much as they don't trust me.
James Grebe
>
>