Kevin
Great advice! In my post on page 1 and your post ... we both mentioned a CPA. Taking deductions for a "street" car can be a lot different than a race car. But with a CPA doing a tax return, it reduces the chance of an audit.
Also, like my CPA told me, if I am ever audited, she would be the only one to meet with the IRS. She joked that I would be at least 1000 miles away during an audit. She said if I was there I'd probably say something stupid