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  #1  
Old 12-07-2012, 09:28 PM
DannyLot DannyLot is offline
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using work truck as personal vehicle

What's everyone's advice on using the same vehicle for work an their primary personal vehicle ? Reason I ask is I was thinking of trading in my car to get a nice 1 ton vehicle for 20k used or just getting a used truck for 10k strictly for landscaping an plowing .. What ya guys think ?
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Old 12-07-2012, 09:52 PM
MR-G MR-G is offline
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buy the work truck for 10k.....why would you want to trash your personal vehicle for work....if you get to the point you send out a crew you still have your car to follow up on them...that said if your a solo operator and wish to stay that way for a while it is nice to have a nicer truck even for work....
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Old 12-07-2012, 10:20 PM
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Landscape Poet Landscape Poet is offline
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Quote:
Originally Posted by MR-G View Post
buy the work truck for 10k.....why would you want to trash your personal vehicle for work....if you get to the point you send out a crew you still have your car to follow up on them...that said if your a solo operator and wish to stay that way for a while it is nice to have a nicer truck even for work....
pretty solid advice there, one other thing to consider. IF you use your work truck just for work, then you get to claim 100% deductions on the mileage during the year.
If you have a vehicle that you use for both personal use and work - you honestly should be documenting mileage used between the two and only be able to deduct the work mileage. More of a pain in the tail paper work to keep it honest.
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  #4  
Old 12-07-2012, 11:57 PM
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Kelly's Landscaping Kelly's Landscaping is offline
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Be interesting to know how many guys here do the mileage deduction method and how many use the actual cost method. In our case we drive very few miles a year 2000-8000 per vehicle so the deductions are much better doing the actual cost.
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Old 12-08-2012, 01:55 AM
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RSK Property Maintenance RSK Property Maintenance is offline
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do what you can afford, my buddy started out back in 04 with an 92 non turbo diesel f350, used it for everything his whole first season, then summer of 05 he bought a left over 04 f350 turbo diesel and it came with a fisher mm2 plow, he sold the other truck and had one new nice truck for about 6 years before he decided he needed another truck, he bought a f250 gas truck for 2000 with a like new fisher mm2 plow thinking the truck was junk and it turned out to be a good truck so he ended up using it for lawns, then he found a someone that needed a starter in their f350 diesel and he traded straight up and kept the plow, then within the last year he bought an f450 crew cab dually for a "personal vehicle, and now that's what he drives around whenever he isn't working. and it has 10,000 dollar wheels and tires on it....so do whatever you can afford to. having a separate vehicle is nice, but takes time to get to the point.

I only have my one f350 diesel now, its a 96 regular cab, its a little tight, and definitely not very comfortable, but for the 3500 dollars i originally paid for it, I can't see myself selling it ever, Its far too reliable, it has done way too much for me to sell it, even if it got 6-7k for it i wouldn't be happy, I would just rather have the truck, its worth a lot more then that to me. I really would like a newer truck asap but its not something i need to buy so i just plug along with with my 1 old work truck. which is 100% reliable, and never fails to start. My friend and I both worked the ever living crap out of our f350's and it doesn't show, his 04 that he bought new has 160,000 miles on it, and has needed next to nothing for parts, just regular maintenance. my truck with 272,000 takes the biggest beating i can throw at it, and continues to ask for more day in and day out. I'm talking towing 12,000lbs wide open up hill for over a mile. I beat my truck like no other. I also maintain it too, so if it needs something it gets it. sometimes with a full load of oak, I've towed 12,000lbs then put another 150 jumbo cobble stones in the bed which isn't light by any means, and it does its job well. I'm not sure what the weight was but i had 2 full pallets of sod in the back of my truck before, seemed heavy. and overall the truck, still is excellent condition despite being a plow/landscaping truck for 16 years and having a 2 yard sander in the bed for 5 or 6 of them, it really doesn't show. so I wouldn't say you are going to trash your nice truck, It's up to you how you want your stuff to look, but I vacuum my truck out when it gets dirty, and i wash it after every storm i plow. actually that's about it, I really don't go easy when loading the bed with logs, I've loaded my bed with wood probably over 100 times this summer alone and hit the back window several times, no cracks only scratches, same with the bed, there's small dings on the outside of the bed, but no dents anywhere on my truck.
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Last edited by RSK Property Maintenance; 12-08-2012 at 02:02 AM.
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  #6  
Old 12-09-2012, 01:47 PM
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Richard Martin Richard Martin is offline
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Quote:
Originally Posted by Landscape Poet View Post
pretty solid advice there, one other thing to consider. IF you use your work truck just for work, then you get to claim 100% deductions on the mileage during the year.
If you have a vehicle that you use for both personal use and work - you honestly should be documenting mileage used between the two and only be able to deduct the work mileage. More of a pain in the tail paper work to keep it honest.
You're supposed to keep mileage logs either way. Most guys only find out about that at an audit.
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  #7  
Old 12-09-2012, 04:51 PM
yardguy28 yardguy28 is offline
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Quote:
Originally Posted by Richard Martin View Post
You're supposed to keep mileage logs either way. Most guys only find out about that at an audit.
according to my accountant if the truck is strictly used for business and filled with gas paid for from the business account you don't.

I keep track of the mileage because its my personal truck as well and I use my personal money to fill it.

when I got into the business my accountant told me I either need to fill it with a business card or keep track of the mileage. I chose to keep track of the mileage.
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  #8  
Old 12-09-2012, 05:10 PM
Darryl G Darryl G is offline
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Quote:
Originally Posted by yardguy28 View Post
according to my accountant if the truck is strictly used for business and filled with gas paid for from the business account you don't.

I keep track of the mileage because its my personal truck as well and I use my personal money to fill it.

when I got into the business my accountant told me I either need to fill it with a business card or keep track of the mileage. I chose to keep track of the mileage.
You still need to report how many miles you used the truck in a year, even if it's solely for business purposes.

I have no idea why you would use your personal money to fill the truck. You're using after tax money for a business expense if you do that. You just can't deduct the percentage of the cost of operating the vehilce that is related to personal use, but I don't think you need to use your personal money to fill it.

Lets say you put 20k miles on your truck in a year and 12k was business use and 8k was personal use. You would be able to deduct 60% of the your vehicle expenses as a business expense.
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  #9  
Old 12-09-2012, 05:10 PM
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Richard Martin Richard Martin is offline
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Quote:
Originally Posted by yardguy28 View Post
according to my accountant if the truck is strictly used for business and filled with gas paid for from the business account you don't.

I keep track of the mileage because its my personal truck as well and I use my personal money to fill it.
I personally prefer to defer to the IRS rules over an accountant. It is clearly stated.

date you started using it for business, the mileage for each business use, and the total miles for the year.

http://www.irs.gov/publications/p463...blink100034066

There are no other qualifiers such as for business use only or only if you claim the mileage is this required.
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  #10  
Old 12-08-2012, 06:08 AM
DannyLot DannyLot is offline
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The whole having another car for a crew thing I'm not worried about that the moment.. If they does happen down the line I'm sure I can then justify a another used vehicle.. I just know my budget now I can afford about 10k cash for a used truck or trade in my vehicle an get a truck for about 20k I figure for 20k I could get a truck that's pretty realiable, an decent. But I will be driving it during week to my day job about 50 miles a day .. Just thought it would be nice to have a good clean realiable truck for work looks professional an 99% know it won't be a. Problem. But was curious how many guys do this an the pros an cons because i value everyone's device here
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