Write off luxury car under STRs?

[Joel Oh]

Hey guys, thinking about purchasing a car this year and wondering if it is possible to write off a luxury car for their STR expenses.

My tax advisor said that I will need to prove this car was used for the business.

I know a lot of business put their advertisement or number to write off their cars. 

Problem is, this is a bit hard for us STR owners. Is there any creative way for STRs owners to write off their vehicles?

I use Schedule C for my STR and treat them like business. I feel like if I pay 15% bonus taxes, I should be able to write off my car I drive for my business haha.

Please help me!

[Chris Seveney]

Quote from @Joel Oh:

Quote from @Jay Thomas:

Your tax advisor is spot on—writing off a luxury car for your short-term rental (STR) demands solid proof of business usage; slapping a logo on the side won't cut it.The IRS lays down strict guidelines: the car must be regularly and exclusively used for business, excluding occasional STR trips or grocery runs. Even if you meet these requirements, depreciation deductions for luxury cars have limits, requiring fancy calculations and potentially resulting in tax hits. Consider the simpler option of the standard mileage deduction—a fixed rate per mile for business purposes, regardless of the car's value. Be wary of overly creative write-off strategies, as the IRS isn't easily fooled, risking audits and hefty penalties. Trust your tax advisor's guidance! Consider alternatives like renting a car solely for business use, leasing a car with business-friendly terms (consult your tax advisor for details), and focusing on maximizing deductions for legitimate business expenses such as property taxes, maintenance, and cleaning supplies.

 Yes, I am leaning toward leasing it under the business name. A car is car!

So lets say I have $100k cash. Do I want to buy a Porsche Taycan that will be worth about $40k in five years or buy a $25k car (assuming I need a car). Then I take that $75k left over and buy a $300k property with it the provides me cash flow and in five years may be worth $330k and the car would still be worth $15k.

Thats why.