Truck Depreciation
#21
01-10-2009, 02:19 AM
Thanks Gman. I'm just trying to figure out where to look for this info... You know with all those IRS pub. it is a lot to read when You are looking for one thing....
 Thanks again
#23
01-10-2009, 04:06 AM
LOL, it gives me part... but you know all these instructions are geared towards things with only 4 wheels... lol... I think I found what I wanted. About vehicles over 6000 lbs GVW under section 179 the year bought you can expense $25,000 then depreciate the rest, starting that same year. So I think I'm good. Thanks
Last edited by blueeyekelly; 01-10-2009 at 05:46 AM.
#24
01-10-2009, 05:01 AM
LOL, it gives me part... but you know all these instructions are geared towards things with only 4 wheels... lol... I think I found what I wanted. About vehicles over 6000 lbs GVW under section 179 the year bought you can expense $25,000 the depreciate the rest, starting that same year. So I think I'm good. Thanks
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#25
01-10-2009, 09:24 AM
LOL, it gives me part... but you know all these instructions are geared towards things with only 4 wheels... lol... I think I found what I wanted. About vehicles over 6000 lbs GVW under section 179 the year bought you can expense $25,000 then depreciate the rest, starting that same year. So I think I'm good. Thanks
#26
01-10-2009, 02:50 PM
Well the trucks buy out was under 20k and we did most of it in '08 so I think I am good
is the a publication that actually talks about big rigs? Ever year I go nuts trying to remember where to find the meal allows and % to deduct every year... I think that is in pub 463... I wonder if they are going to have that one updated online before Feb....Thank you all for your guidance
#27
01-10-2009, 05:17 PM
For a couple of years you could deduct 100% of the purchase price in the year it was purchased up to a certain amount of money. I believe it was something like $200,000. It might have been less. It was a plan Bush initiated to help stimulate the economy. I don't think it was available last year but you may want to check if you need the deduction. If not, then I would use the regular schedule.
#28
01-13-2009, 04:42 PM
Not sure if this link will help, but I stumbled upon it while looking at new trucks and it seems somewhat along the lines of what you're looking for. Good Luck!
International Truck and Engine Corporation
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#29
01-24-2009, 07:27 AM
Not sure if this link will help, but I stumbled upon it while looking at new trucks and it seems somewhat along the lines of what you're looking for. Good Luck!
International Truck and Engine Corporation I am one happy person now well we will see once I am done with taxes...lol
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