It depends on the structure of your business.
If it is a "Sole-Proprietorship" and you file Schedule C, you can convert it to business use.
A Partner may also contribute property to a Partnership.
It could be beneficial in the aspect that (depending on the ratio of business use to personal use) the golf cart could be depreciated which would offset profit. There are other ramifications, such as possibly recapturing depreciation, but if you plan to use the golf cart until it falls apart, depreciation recapture would not be an issue.
Click here for more information about Business Assets.
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