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Can you write off write off 6000 lb vehicle?

TL;DR

Yes, you can write off a vehicle over 6,000 pounds if it is used for business purposes, subject to certain conditions.

Detailed Answer

Vehicles over 6,000 pounds can qualify for a Section 179 deduction, which allows businesses to deduct the cost of qualifying property as an expense when the property is placed in service. However, the vehicle must be used more than 50% for business purposes. The deduction is limited to a maximum of $28,900 for SUVs, trucks, and vans in 2023. If the vehicle is used less than 100% for business, the deduction must be prorated based on the percentage of business use.

Where to Put It on the Tax Form

Report the deduction on Form 4562, Depreciation and Amortization, Part I for Section 179 deduction.

Real World Example

A construction company purchases a new truck weighing 7,000 pounds for $50,000. The truck is used 80% for business. The company can deduct $28,900 under Section 179, and the remaining cost can be depreciated over subsequent years.

Calculation Required

A calculation is required for this deduction.

Calculate the business use percentage of the vehicle. Multiply the total cost by the business use percentage to determine the eligible deduction amount. Ensure it does not exceed the Section 179 limit.

Audit Risk & Documentation Tips

Keep detailed mileage logs and records of business use to substantiate the deduction. Maintain purchase receipts and ensure the vehicle's weight classification is documented. Be prepared to justify the business use percentage if audited.

IRS Reference

IRS Publication 946, How to Depreciate Property; Section 179 of the Internal Revenue Code

Relevant Industries

Small BusinessReal EstateConstructionTransportation

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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 15, 2025

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