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Discussion Forum Index --> Tax Questions --> Section 179 - Pickup trucks
Sandi (talk|edits) said:
| 5 February 2006
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| What is the maximum you can take for a pickup truck over 6000 but under 6000 pounds. I am having difficulty finding anything which specifically addresses pickup trucks. The only comment related refers to an interior of 6 feet or more but it appears to be refering to cargo vans.
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Gmikeg (talk|edits) said:
| 5 February 2006
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| I believe that the under 6000lb pickup truck is classified as a light truck, suv, etc. as long as it does not have any of the modifications, such as permanent fixures that would make it highly unusable as a day-to-day vehicle. I need to know what you mean by maximum you can take. The standard milage rates are really high for 2005. What is the cost and % use of the truck? Is the owner also using it for personal use? Splitting listing property between personal and business use and then depreciating it has been a pet peave for the IRS; in my humble experience.
Mike
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Taxref (talk|edits) said:
| 5 February 2006
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| Assuming the truck costs over $16,300 the maximum 179 is $3,260 for 2005.
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