BOB2 Wrote:
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> The more I read this thread the more I think that
> any "advantage" of doing these "inspections" by
> speeder, as a "business", would be that you could
> then write off your hobby as a "business" expense
> on taxes.
>
> I have a friend who acquired quite a nice classic
> car collection by doing a little of that kind of
> "creative" accounting, buying them for the
> "business", "depreciating" them, and then
> "selling" them, back to himself, at "fully
> depreciated" "value".
>
> Just make sure you don't ever admit to the auditor
> that you're doing this, though......

I was thinking the same thing . Maybe more along the lines of a guy wanting to take his speeder out on shorelines sightseeing and call it a track inspection. You brought up the tax angle. My unanswered question was are you a FRA qualified track inspector?