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Can you write off how to write off 6000 lb vehicle?

TL;DR

Vehicles over 6,000 pounds can often be partially or fully deducted using Section 179 or bonus depreciation, but they must be used primarily for business purposes.

Detailed Answer

A vehicle that weighs over 6,000 pounds can qualify for a Section 179 deduction, allowing a business to deduct the full purchase price in the year the vehicle is placed in service, up to a limit. However, the vehicle must be used more than 50% for business purposes. If the vehicle is used less than 100% for business, the deduction must be prorated. Additionally, bonus depreciation may apply, allowing further deduction beyond Section 179 limits. Vehicles like SUVs, trucks, and vans often qualify, but luxury vehicles may have additional limits. It's crucial to maintain records proving business use, such as mileage logs.

Where to Put It on the Tax Form

Schedule C, Line 13 for depreciation and Section 179 deduction; Form 4562 for depreciation and amortization details.

Real World Example

A real estate agent purchases a new SUV weighing 6,500 pounds for $60,000. They use it 80% for business. They can deduct $48,000 (80% of the purchase price) using Section 179 and bonus depreciation, assuming they meet all other requirements.

Calculation Required

A calculation is required for this deduction.

Calculate the business-use percentage by dividing business miles by total miles driven. Apply this percentage to the vehicle's cost to determine the deductible amount under Section 179 and bonus depreciation.

Audit Risk & Documentation Tips

Moderate audit risk. Maintain detailed mileage logs, purchase receipts, and documentation of business use. Keep records for at least three years. Ensure the vehicle is primarily used for business to avoid disallowance of the deduction.

IRS Reference

IRS Publication 946, IRS Section 179, IRS Section 168(k)

Relevant Industries

FreelancersReal Estate AgentsConsultantsConstructionLandscaping

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Disclaimer: This is for informational purposes only and should not be construed as tax or legal advice. Always consult your tax advisor.

Page created on July 25, 2025

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