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Need 179 Deduction Tax Help for 3500. Any Experts?

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Old 04-06-2012, 01:33 PM
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Default Need 179 Deduction Tax Help for 3500. Any Experts?
I was planning on deducting the entire cost of my dually as a 179 but my accountant says the limit is 25k. I interpret that the 25k only applies to SUV's and not trucks that are over 6000 lbs and have a bed over 6 ft. Is it time for a new accountant?
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Old 04-06-2012, 08:43 PM
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You are correct. The only other issue is you can not take section 179 to put your business in a loss. Sounds like you are not using a CPA
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Old 04-07-2012, 07:33 AM
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Originally Posted by tax man
You are correct. The only other issue is you can not take section 179 to put your business in a loss. Sounds like you are not using a CPA
Thanks. Unfortunately he is a CPA. I'd like to find a new one in NJ if you have any recommendations.
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Old 04-07-2012, 07:38 AM
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Have you thoroughly explained to him the weights, etc...??

He might just be a nerdy CPA who doesn't understand trucks, etc....
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