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Advice from any Tax Guys on Sale of a Car
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daepp
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Join Date: Sep 2005
Location: So. Cal.
Posts: 11,256
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Porsche
Hugh - would not the maintenance items and insurance be deductible if you treated it as you would a business - the business of showing a classic car. Doesn't a museum deduct these types of expenses?
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David
1972 911T/S MFI Survivor
09-04-2007, 08:06 AM
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