Give truck to driver after two year operation
Discussion in 'Ask An Owner Operator' started by amrogers3, Dec 15, 2020.
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Wasted Thyme, feldsforever, Sirscrapntruckalot and 4 others Thank this.
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If ur looking to structure a lease purchase deal as a carrier i would say the company im with has one of the best in the business and really should be how all companies do it... i can pm u if ur interested in learning more
Brettj3876, spearwarrior, Speed_Drums and 2 others Thank this. -
here is why.
they are on the hook for the asset value of the truck above $12,000, so if the truck is worth $36,000, the $24,000 is considered income.
oh and even if you put a price on the truck, during their irs audit, the irs can and in most cases put a value on the truck for them.Wasted Thyme, Trucking in Tennessee, GoneButNotForgotten and 1 other person Thank this. -
Well. Wish I met you before
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OldeSkool Thanks this.
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Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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