Tax write-off or not! Is possible to write off a Ferrari on a farm?
the answer is surprising first, you must understand the basics of right offs for a business
the general rule is anything that’s reasonable or ordinary necessary can be written off against your income for your business plus reducing your taxable income
with that in mind, would it make sense to writ off of Ferrari to be used on a farm? Based upon the tax law answer is no, however, there is a twist regarding this video, and the ultimate answer is yes!