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Prevost As A Tax Deduction
For as long as i have owned a Prevost I have known of Prevost conversion owners whose coach is used for the benefit of the owner’s business. While the owners who legitimately can claim the expenses associated with ownership are few and far between, there is a vast amount of owners who wish they could claim ownership to reduce their taxes.
This is not a simple yes or no type of event. There are clear examples of the use of a coach to further a business, and there are also clear examples of the use of a coach for personal use exclusively. There are questionable uses that may allow the use of the coach as a tax deduction, but there are also questions about why some coaches are not being used as a discussion because the use of the coach can be used to an extent.
For the last 29 years my coaches have been used to the benefit of my businesses and can clearly be seen as legitimate expenses on my tax returns. Starting in the early 90’s my use of my coach was instrumental in the development and sales of RV industry products.
https://www.jamestownadvanced.com
After selling the company I continued to work for the company to do trade shows and provide sales literature to every RV park that was in our travels.
Eleven years ago Tom and I and several others started discussing a web site that used the business model of the orignal Prevost Stuff web site. Ten years ago Tom and I officially kicked off Prevost Community and from that point on we used our coaches extensively to promote PC, to add advertisers, to present rallies and seminars, and to explore opportunities to present discount programs for the PC members.
While Tom has gone to what he calls the “dark side” we still take every opportunity to promote PC and once the pandemic is behind us we will likely continue to use our coaches to a greater extent for rallies and seminars.
Are there members who also use their coaches for business purposes? As an owner who does use the coach for business purposes are you willing to explain how the coach is used? If you wish to remain anonymous send an email to Tom or I and we will post the information and keep your name out of it.
Why do we care? The reason is simple. We all pay taxes, but we are not obligated to pay an excessive amount. If you can get an idea of the various legitimate ways to use a coach for business purposes sharing that information may allow others to claim their coach as a legitimate tax deduction. Being able to claim the use of a coach as an expense can make a serious change in the amount of taxes paid. If our members can benefit from this discussion our goal as owners of PC to provide benefits to our members is met.
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1 Reply
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Guys , we have used our coach for business the past 6 years . Most of what we do is 100% legitimate business . I guess the trips to Indo Ca and Sturgis are also legitimate since we do visit dealers and take them out to discuss Furniture 🙂
You see I have a sales office in King of Prussia Pa where my business is based . We decided years ago to locate our Warehouse in S.C. for cost issues when compared to Pa . We also have a satellite warehouse in Fla where we also have a residence and 3 of our daughters reside . We have averaged over 35k miles @ year and to be honest it is getting old . I look forward to keeping mileage under 10k @ year with the ability to stay in one spot longer than 10 days at best .
I will add that the cost to keep the coach running and up to snuff far outweighs the tax savings . Not to mention our coaches over the years have been rode hard and put away wet so i look forward to have a coach I can call a Mistress and not tool .
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