Re: Single Person Sole Proprietorship Catch-22?

If you wanted absolute certainty, then you should have stayed out of the
truck until the precise second in which you were ready to begin
immediately using it in a trade or business.

Other than that, factors that will be counted include things like how many
miles you put on the clock during those "spins around the block" - if your
block is 500 miles around, count on losing if you drove around it a number
of times; otherwise, since even brand spanking new vehicles have from 100
to 300 miles on them when sold as new, if you have somewhere in that
neighborhood after your "spins" then you most likely have nothing to worry
about. Another factor will be the insurance you obtained on the truck -
you have to have insurance any time you drive, including when you go out
for a "spin" around the block - so, if you took out commercial or
business-use insurance on the vehicle initially, you probably have nothing
to worry about, if you initially took out personal-use insurance, and
didn't convert over until some time later, then there's a good chance
you'll lose the argument.

.

Relevant Pages

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