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Old 06-26-2010, 01:28 PM
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If he purchased them in a company's name with the associated tax, title, registration, insurance then most certainly he can claim depreciation, however Uncle Sammy isn't stupid and it doesn't take an A+ accountant to figure out that the cars were not used for such purposes (ie. where is the mileage deduction, etc). etc. Long story short, hello Mr. Audit.

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Originally Posted by LeMansX5 View Post
I am sure he has been claiming business depreciation on them.
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