Toyota GR Supra and GR86
$30,000-$65,000
Can You Write Off Toyota GR Supra and GR86?
Short answer: Partly: sports cars can be business vehicles, but the luxury caps apply and personal use must be excluded.
Under 6,000 lbs GVWR it's a passenger car, so first-year depreciation is capped at roughly $20,000 with bonus depreciation for 2026, and only the business-use share counts; the 72.5¢ mileage rate is the simpler option.
Records to keep: Keep the purchase contract, the door-jamb GVWR sticker photo, and a mileage log showing business vs personal miles.
Toyota GR Supra and GR86
Typical range: $30,000-$65,000
General Business
Partly: sports cars can be business vehicles, but the luxury caps apply and personal use must be excluded.
Business justification
Partly: sports cars can be business vehicles, but the luxury caps apply and personal use must be excluded. Under 6,000 lbs GVWR it's a passenger car, so first-year depreciation is capped at roughly $20,000 with bonus depreciation for 2026, and only the business-use share counts; the 72.5¢ mileage rate is the simpler option.
Category
- Vehicles by Model