search sponsored by:
Advanced Search

The Green Industry's Resource Center

Prev Previous Post   Next Post Next
Old 12-21-2012, 06:34 PM
Smallaxe Smallaxe is offline
LawnSite Fanatic
Join Date: May 2007
Location: Central Wisconsin
Posts: 10,091
Are you setting up your pickup trucks for Depreciation??? Bad mistake even if it really IS 100% business use...
Start with Mileage at least the first year, so that you can always return to the SMR later on...
Trucks/cars are considered, "Listed Property" by the IRS Code, just like computers, phones and such...

Depr. is good for 3 years,,, then What? Buy another Truck or spend a lot on repairs???
I always advised clients to think about their usage and make a decision for the long term... almost always they chose the SMR...

Its been a few years now since I did that job, so some details may have changed, but I do SMR on my taxes every year...
Now that I know that clay's texture(platelets) has nothing to do with water infiltration, percolation, or drainage
,,, I wonder what does...
Reply With Quote

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

Layout Style:

Powered by vBulletin® Version 3.8.6
Copyright ©2000 - 2015, Jelsoft Enterprises Ltd.
Copyright ©1998 - 2012, LawnSite.comô - Moose River Media
All times are GMT -4. The time now is 09:58 AM.

Page generated in 0.14416 seconds with 9 queries