Hello, I need help with this tax question. I need to write a memo to the tax file discussing the facts of the following tax question. Juan owns a business that acquires exotic automobiles that are high-tech, state-of-the-art vehicles with unique design features or equipment. The exotic automobiles are not licensed or set up to be used on the road. Rather, the cars are used exclusively for car shows or related promotional photography. With respect to the exotic automobiles, Juan would like to know whether he can take a cost recovery on his Federal income tax return. Partial list of research aids: Bruce selig, 70 TCM 1125, T.C. Memo. 1995-519 Deliverables: 1) Write a memo to the tax file discussing the facts of the tax question. 2) Identifying the relevant tax issues. 3) Including appropriate citations. 4) Communicating conclusion and any advice. ***Please note that it is important that you attach copies of code sections, revenue rulings, RIA analyses etc. that are cited in the discussion or that you used in arriving at the conclusion.*** Thank you!! :)