I started a motorcycle training and rental business last year. I purchased 2 motorcycles that can be rented. Do I enter the motorcycles as vehicles?
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1 Best answer
Indy_Jimbo
New Member
Jun 6, 2019 5:56:26 AM
Yes. According to the IRS, "A qualified motor vehicle is a passenger automobile, light truck or motorcycle which has a gross vehicle weight rating of 8,500 pounds or less"
2 Replies
Indy_Jimbo
New Member
Jun 6, 2019 5:56:26 AM
Yes. According to the IRS, "A qualified motor vehicle is a passenger automobile, light truck or motorcycle which has a gross vehicle weight rating of 8,500 pounds or less"