Anybody have any luck writing your ATV off your taxes as a working tool or farm equipment? My tax man thinks it will send up a red flag with the IRS , you have to prove it’s a working tool for your business. How in the %&#@ do you do that!! You can write off a million dollar boat, but not a couple of ATVs. I don’t get it.

 

I have maybe a hundred customers or more who use ATVs on farms and have no problem using them as tax write offs. However, I don't know much about this end of the business spectrum, so I have no idea how you go about getting it done. I know most farmer's just take receipts with them when they have their taxes done. Maybe you do the same with ATVs. I don't know.

They do the same thing with parts and repair bills. Even an oil filter!! I know, because this time every year, I get them calling me asking to print up copies of receipts that they lost.

 

Outfitters, tour operators, search and rescue guys, and even us riding instructors all legitimately use ATVs for business. My accountant depreciates mine on a schedule like a truck, so, I don't get all the depreciation in one year.

 

LOL. Nothing like a last minute man! You better hustle! Taxes gotta be in tomorrow unless you filed an extension.

It all depends on how you bought it. If you registered it as a farm or business vehicle, you can write it off. If not, gotta pay it.

KNOWSALOT, I was chatting with a guy at our local yamma dealer the other day, and he said a guy tried to come in and get a PWC farm exempt! He claimed he used it to feed his fish! I almost died laughing.

 

They nailed me for 80k this year, trying everything in the book.

Thanks for all the info.