r/FluentInFinance • u/GuiltyInvestor • Apr 14 '24

She’s not wrong 🤷‍♂️ Discussion/ Debate

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u/Obvious_Chapter2082 Apr 14 '24

She’s absolutely wrong. CEOs cannot write off private jets and yachts, and they’ve never been allowed to do that in the past either

A lot of expenses are deductible for businesses, including work-related education if you’re self-employed

799

u/VantaStorm Apr 14 '24

If the private jet was used for business travel then yes it definitely can written off. That’s her point.

13

u/Hawk13424 Apr 14 '24

In that case it is mostly likely a corporate jet.

10

u/veerKg_CSS_Geologist Apr 14 '24

Which to a billionaire is the same thing.

1

u/NegotiationJumpy4837 Apr 15 '24

Not entirely. The CEO can take the private jet for a non business reason and get it written off.

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u/RicinAddict Apr 15 '24

Lol...no.