A finantial advisor I used to know would advise you not to won the car,
but to build a phantom company that owned the car, so you could get tax
deductions for the car \o/
I need this guy's help on taxes this year, please hehe
You *might* get away with it for 5 years (5 years is a
reasonable period for a new biz to not have any profits) ..but
eventually your "phantom company" would need to show invoices
or sales receipts for its services if requested by the irs to
show that your company is "a valid going concern".
If you can get away with not showing those papers, it could
conceivably be possible to simply shut down that company and
start a new one when you need another car. :/
Best to try to operate a legit biz, and lease the car. The
lease is a 100% tax expense.
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