I recall reading a description of a truck (I beleive it included min length and width of the truck bed) in TTB to qualify for the B1 (in ProSeries) Truck or Van over 6,000 lbs. Can anyone tell me where in the 2007 or 2008 TTB to locate this?
Announcement
Collapse
No announcement yet.
Truck or Van over 6,000 lbs, where in TTB?
Collapse
X
-
The information that talks about the size of the cargo area is in reference to SUVs, covered on page 10-7. The information on the B1 code for the ProSeries auto worksheet has to do with Trucks or Vans rated at over 6,000 pounds, covered on page 10-6.
B1 code vehicles qualify for the higher Trucks and Vans Section 280F limits (page 10-1). They do not have a minimum cargo area requirement as do SUVs.
The minimum cargo area requirement is simply a test to see if the truck or van is subject to the $25,000 Section 179 limit. The B1 code vehicles is a test to see if the truck or van qualifies for the higher Section 280F limits.
Disclaimer
Collapse
This message board allows participants to freely exchange ideas and opinions on areas concerning taxes. The comments posted are the opinions of participants and not that of Tax Materials, Inc. We make no claim as to the accuracy of the information and will not be held liable for any damages caused by using such information. Tax Materials, Inc. reserves the right to delete or modify inappropriate postings.
Comment