1
|
2
|
3
|
4
|
5
|
6
|
7
|
8
|
9
|
10
|
11
|
12
|
13
|
14
|
15
|
16
|
17
|
18
|
19
|
20
|
21
|
22
|
23
|
24
|
25
|
26
|
27
|
28
|
29
|
30
|
|
|
|
|
|
|
79 registered members (CAL, imadeerhntr, highliner, Phelps, Turkey_neck, Jmfire722, NotsoBright, gman, Jweeks, jbatey1, Fishhead706, 7x57_Mauser, globe, abolt300, UA Hunter, Skullworks, Coosa1, Gobble4me757, billrv, Willyb, Hunting-231, Madmax0818, jaredhunts, BrentsFX4, Peach, Dubie, Bake, hhsdc78, BPI, BradB, Dean, Tupi, graydw1, Kemosabe, slipperyrock, Whiskey9, capehorn24, twaldrop4, GoldenEagle, 000buck, roll_tide_hunts, Joe4majors, BAR1225, Fedex 1, Bmyers142, JCL, Luxfisher, Mike32, AU338MAG, BigA47, Kang, IMISSALDEER, Narrow Gap, crenshawco, Paint Rock 00, AUjerbear, ParrotHead89, BamaBoHunter, limabean, rrice0725, Roondog, okfuski, Daveleeal, Jbf, jlbuc10, Solothurn, dirtwrk, NoHuntin, CrappieMan, BayedUp, 9 invisible),
999
guests, and 0
spiders. |
Key:
Admin,
Global Mod,
Mod
|
|
|
Re: I'm confused. Vehicle depreciation Section 179
[Re: jbatey1]
#4027295
11/28/23 09:08 PM
11/28/23 09:08 PM
|
Joined: Jul 2005
Posts: 19,209 Chelsea, AL
straycat
OP
Old Mossy Horns
|
OP
Old Mossy Horns
Joined: Jul 2005
Posts: 19,209
Chelsea, AL
|
As far as I know there was nothing to do with the length of the bed. We bought 2 LTZ’s last year and an E350 last year and bonuses all of them at 100 for the past taxes.
I was thinking last year was the final year of 100% though and that this year it was set at max of 80%. I could be wrong though. My understanding is: Section 179 is 100% if truck is over 6,000 pounds and has a minimum 6ft. bed. Bonus depreciation is a separate thing. For 2023 it's 80%. I just don't know if the Bonus depreciation option has a bed length requirement. As it sits today, I could take up to $25,000 under Section 179 for 2023 because bed length disqualifies for 100% AND take 80% of the balance under Bonus depreciation rules...if Bonus rules allow the 5.6 ft bed to qualify. I do use a CPA, there is a reason I am also asking here, but was hoping someone would have some personal experience purchasing for a business would share. Hopefully the Bonus route will work out.
Last edited by straycat; 11/28/23 09:13 PM.
"The grass withers, the flower fades, But the word of our God stands forever." Isaiah 40:8
"Neither the wisest constitution nor the wisest laws will secure the liberty and happiness of a people whose manners are universally corrupt.� Samuel Adams
|
|
|
|