I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

I live in CA and the car will be registered and insured under my LLC,which is deducted to supercar driving. Lease payments are $2500/mo. The YT channel is monetized and is my business.

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I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

Your really need to see a local tax professional before embarking on this.

I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

Agreed ... if the business owns the car it must also have the insurance and pay for all repairs AND if you use it personally there are more consequences to deal with ... seek local assistance.

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I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

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I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

I am starting a YouTube channel documenting the driving experiences of a Ferrari. The car will be used 90-100% for content creation. Can I deduct my lease payments?

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