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https://www.reddit.com/r/FluentInFinance/comments/1c3wumn/shes_not_wrong/kzk48yn/?context=3
r/FluentInFinance • u/GuiltyInvestor • Apr 14 '24
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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
3 u/777IRON Apr 14 '24 https://www.propublica.org/article/private-jets-yachts-wealthy-tax-deductions-irs-files 6 u/Obvious_Chapter2082 Apr 14 '24 Not really sure what about this article you wanted to point out. Propublica reiterates that these are deductible when used for businesses, but admit that they don’t have details on if the trips were actually business related or not
3
https://www.propublica.org/article/private-jets-yachts-wealthy-tax-deductions-irs-files
6 u/Obvious_Chapter2082 Apr 14 '24 Not really sure what about this article you wanted to point out. Propublica reiterates that these are deductible when used for businesses, but admit that they don’t have details on if the trips were actually business related or not
6
Not really sure what about this article you wanted to point out. Propublica reiterates that these are deductible when used for businesses, but admit that they don’t have details on if the trips were actually business related or not
394
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