Truck Expense

We are about to purchase another truck but pay cash for it.

It's a 94 FLD that will cost the company $6000.00 for the truck, we'll do a PM and add new belts, hoses, and rubber around the truck. not including all new fluids. Can we have some tip's on how to "write" off this truck and it's start up costs.
The $6000.00 is just the trucks COST. Not including another $2500 for PM and Misc.


All the best,
Matthew

We did not get ANY write offs on either of our 2 running trucks. So im out to get this 3rd truck wrote off!!!!!!!

 

Gator,
The last 2 trucks we got we payed cash for them. 94FLD was $6,000 the 96FLD was $7,000

They have both been running for 2 years.
In fact we are buying another truck at $6,000 another FLD and OH yes, I'll be talking to tax man about this.

The PMs, Costs and Exps we do write off....... Didnt know that we could DEP a full 3 years on a Paid in FULL truck....

Thanks for the Reply....
All the best,
Matthew

 

Thank you Thank you.......
I'll be calling and talking to my CPA soon.... Im going to ask him about THIS years filings.

I'll ask the 1 time, or 3 year deduction.... Thanks...

Matt