James Grebe wrote: > > Dear List, > 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. > > Is the IRS getting ready to pull something on us. If we have a business > deductable let-off tool with handle is that going to mean that if we have > that tool available for personal use during off duty hours then in the > future it may not be 100% deductable. Time will tell. The IRS police are > always watching. I don't know about you guys but I got soaked for another > thousand extra this year towards last year. I guess I need to buy a lot > more tools this year and have them not available for off-duty use :) > James Grebe from St. Louis > pianoman@inlink.com James, I looked it up in my 96 return and my accountant left that whole page blank. I think it refers to a truck that one of your employees might be using. Hope this helps, Warren -- Home of The Humor List Warren D. Fisher fish@communique.net Registered Piano Technician Piano Technicians Guild New Orleans Chapter 701
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