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Forum|Forum|1 year ago
May 22, 2024
1 reply
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My husband is an independent contractor. He has unique motorcycles and a vintage car. We have placed promotional magnets on each of these and bring them to events, car shows, etc. Can he write off repairs on these vehicles since he uses them for promotion/advertising? If so, where would these costs be included? advertising? Maintenance? Thank you

Ask the Experts - Biz Tax - May 2024

rjs

Employee

If I understand correctly, the motorcycles and car have nothing to do with your husband's business other than as a place to display an advertisement. If that's the case, I don't think maintenance and repairs would be valid business expenses. They are not "ordinary and necessary" expenses for advertising. He can deduct the cost of the promotional magnets as an advertising expense.

smarsianAuthor

Thank you. Just for clarification he uses the vehicles to promote the buisiness at events, shows, and other high traffic programs. and leaves them on when he is driving for enjoyment as well.

Does that make any difference?

Thanks again!