Dylan

[Rik Van Diesel]

Retired. Not enough $ to continue the M3 life style. He never was good at being a broke ass
bike racer.

RVD

[Bill Lloyd]

He sold the M3 and got an Audi which he leases and writes off against his sizeable bike
racer income.

I saw him today at the dealer.

-B

"Rik Van Diesel" <metalkprettyoneday@hotmail.com> wrote in message
news:83021f87.0301161154.25bbd33c@posting.google.com...
> Retired. Not enough $ to continue the M3 life style. He never was good at being a broke ass
> bike racer.
>
> RVD

[Bill Lloyd]

It wouldn't be that hard to justify, actually. When he's local he can use it as "transportation to
races." Doesn't seem that farfetched... Visalia or the central california valley is certainly his
"office." ;-)

-B

"Stewart Fleming" <stewart.fleming@paradise.net.nz> wrote in message
news:3E272BB7.91E05FFB@paradise.net.nz...
>
>
> Bill Lloyd wrote:
>
> > He sold the M3 and got an Audi which he leases and writes off against
his
> > sizeable bike racer income.
>
> A bike racer writes off a car against tax as a "tool of trade"? WTF?

[Ronaldo Jeremia]

metalkprettyoneday@hotmail.com (Rik Van Diesel) wrote in message
news:<83021f87.0301161154.25bbd33c@posting.google.com>...
> Retired. Not enough $ to continue the M3 life style. He never was good at being a broke ass
> bike racer.
>
> RVD

M3's are strictly for prolific race winners, like Hincapie.

-RJ

[Daniel Connelly]

Bill Lloyd wrote:
> It wouldn't be that hard to justify, actually. When he's local he can use it as "transportation to
> races." Doesn't seem that farfetched... Visalia or the central california valley is certainly his
> "office." ;-)
>
> -B

I believe in these cases one needs to demonstrate some minimum fraction of the use is for business,
sort of like a home office.

Dan

[Bill Lloyd]

Right.

It's certainly easy for him to say that say 3000 miles were travelling to local races, out of 5000
miles he drove the car. He can write off that fraction.

It's fairly easy to make up numbers which get by just fine, unless you're audited.

-B

"Daniel Connelly" <djconnel@ieee.org> wrote in message news:3E2825CB.40001@ieee.org...
>
>
> Bill Lloyd wrote:
> > It wouldn't be that hard to justify, actually. When he's local he can
use
> > it as "transportation to races." Doesn't seem that farfetched...
Visalia or
> > the central california valley is certainly his "office." ;-)
> >
> > -B
>
> I believe in these cases one needs to demonstrate some minimum fraction of the use is for
> business, sort of like a home office.
>
> Dan