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Does a racing engine qualify for economic stimulus property, and what are the advantages and disadvantages?

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The advantages of a racing engine is it will make your car go really fast.  The disadvantage is, you might get a ticket.  But I'm always curious, are you dealing with some kind of racing business?  If so, you probably have a qualifying asset.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

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Highlighted
Level 15

The advantages of a racing engine is it will make your car go really fast.  The disadvantage is, you might get a ticket.  But I'm always curious, are you dealing with some kind of racing business?  If so, you probably have a qualifying asset.

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.

View solution in original post

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