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Truck/Mower Tax write-offs

Discussion in 'Business Operations' started by Matts Lawns, Nov 16, 2006.

  1. Matts Lawns

    Matts Lawns LawnSite Member
    Messages: 33

    I am a quickbooks user. How do you guys enter in Truck/Mower tax dedutions. I previously paid in full a 2003 F-150, two Scag mowers, 2 blowers and 2 line trimmers. I will be entering these in as (Investments:Owners Capital), but how much???? Any advice on rate/hourly usage/depreciation or how you do it would be appriciated.


    GELAWNS LawnSite Member
    Messages: 66

    I have equipment in QuickBooks as an Asset (each piece over $200 listed separately) with a Subaccount for Depreciation. When I received back my Accountant's tax filing, I entered in the depreciation amounts. They will be itemized on a separate form. You do this as part of your year end closing. QuickBooks screen help can walk you through it.

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