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Can one deduct cost of a kit car as a hobby? Can one deduct cost of a kit car as a hobby?
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Old 03-19-2007, 03:08 PM
392cobra's Avatar
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Location: Devil's Backbone,RR 32, TX
Cobra Make, Engine: Lone Star Classics #240,Candy Apple Red,Keith Craft 418w - 602 HP,584 TQ
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Fred, Can you tell me what your avatar photo is?

That is Frenchy in the middle,playing the bongos after using that harpoon the kill the javelina on her left.

I've seen alot of avatars but yours is very different.

Is it some kind of sex toy or idol?

She thinks of herself as a sex toy. Just ask Big Jay.

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Old 03-19-2007, 03:58 PM
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Cobra Make, Engine: FFR1358 (Sold)
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Frenchy the Bongo Playing Frog!

Frenchy is a she? WOW!

What is a "Frenchy the Bongo Playing Frog"?

Where did Frenchy come from (background history)?
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Old 03-19-2007, 06:06 PM
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You can, if you use it to advertise a company. We race sprint cars and have our business name (among other sponsors) on the car. It's tax deductible for all of us. If you can figure out a way of opening up a business and using your cobra as advertising, it's the same situation.
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