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snowmobile question for farmers with livestock
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Dave-ECIA
Posted 1/11/2010 08:36 (#1016463 - in reply to #1015977)
Subject: RE: Not sure I fully understand...........so...........



Thank you. I mis-understood the original post.... long day yesterday........

I thought you said that they disallowed ALL deduction. I think you are actually saying they disallow any deduction OVER 75%. Right??

What if you claim 100% and have another vehicle available for personal use? How do they prove that you use the truck for personal use?

What if your corporation provides the vehicle to you, the employee, for "all use, business and otherwise"? Can the corp claim 100% as a benefit?

Don't worry, you aren't getting me out of a jam with your answers, I have proof, the accountant asks every year before fills out that line.

Just thinking with my fingers.

D
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