Best way to sell your truck for top dollar
Discussion in 'Ask An Owner Operator' started by Midnightrider909, Oct 28, 2021.
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Tug Toy and Midwest Trucker Thank this.
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Haven't talked to my accountant yet, but I need to. So when we buy new equipment, we're able to deduct depreciation on our taxes. What happens when it doesn't depreciate, and the value stays the same or increases, say like real estate? My guess is we'll get hit for capital gains tax if it increases, or if the depreciation isn't as much as we previously deducted, we'll have to pay back taxes for deducting too much depreciation.
Midwest Trucker Thanks this. -
I believe it’s called recaptured depreciation. It sucks but it beats selling it for pennies on the dollar. I’m going to wait to sell mine next year so it isn’t on this year’s taxes. There’s no way in hell I will make more in a non-trucking job.feldsforever and SteveScott Thank this.
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Good for you two!
you did the smart thing from the start except opening the passenger window, ever figure that out?Midnightrider909 and shooter19802003 Thank this. -
All the haters and laughers probably don't have a pot to pee in anyway. Kind of funny how you got the last laugh. Hard to believe what people are paying but, wow!!Midwest Trucker, Wespipes and D.Tibbitt Thank this.
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"If you got the money, honey, we got the time......"Midwest Trucker and rollin coal Thank this.
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If somebody out there wants a clean EOBR exempt flat top 99 FLD the first $100,000 cash gets it lol...
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careful.....you might end up walking.
I put my '14 Cascadia on here for $45k......no bites yetMidwest Trucker Thanks this. -
Nobody would pay that but I'd be awful #### tempted if they would. I dunno wth I would do though. I could pay the house off but I couldn't walk away from the industry. I'd have to get a real job taking orders from a boss man again!
ProfessionalNoticer and Midwest Trucker Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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