Can i claim a historical vehicle i bought as a investment? only drive to car shows and test drives.

[jerry adams]

This was a personal investment. Can I claim depreciation?

[LisaBr]

No, I bet it's a beautiful car.  Here's what the IRS says: "You can't claim depreciation on property held for personal purposes. If you use property, such as a car, for both business or investment and personal purposes, you can depreciate only the business or investment use portion."

[LisaBr · Accepted solution]

If this vehicle is part of a business, you can claim the vehicle and expenses related to it.

https://turbotax.intuit.com/tax-tips/small-business-taxes/business-use-of-vehicles/L6hi0zzzh

Also, maybe this is more of a Hobby for you.  You can deduct expenses from Hobby Income.

https://www.irs.gov/newsroom/five-basic-tax-tips-about-hobbies.

Either way, the key element is making some sort of income from these endeavors with the car that creates income.