2106 Depreciation?

[SueBaby]

Client bought a camper for work $33,000 had 4 states to go to work as a pipe fitter welder.
Can I depreciate the camper on 2106? He has hotel, miles and meals before he bought camper. Always depreciate on other schedules but not 2106. Don't know if I can or not.

[Black Bart]

Yeah.

You can depreciate a camper or equipment on a 2106. I've done it several times.

[SueBaby]

You can depreciate a camper or equipment on a 2106. I've done it several times.

But for $33,000 and for how long?

[gkaiseril]

Treat as a light truck since the camper is built on the frame of a light truck. Also there should be a record of business use mileage and total mileage according to the IRS rules for computing business mileage.

[SueBaby]

Treat as a light truck since the camper is built on the frame of a light truck. Also there should be a record of business use mileage and total mileage according to the IRS rules for computing business mileage.

Thank you for your reasurance on this. I never put deprecation on a 2106 and it was pretty high . Now I will.

Called IRS and they said : that is a pretty good question--let me research====20 minutes later on the phone he said no because it was a recreational vehicle and for me to put it on the form for home business. Duuuuh! Who do we have there???? I told him a work camper to travel for his job as a pipe welder not for recreation and not a home business. If I took it off they would have lost over $2,000. So now after you people said I can I will. Thank you very much. Live and learn. I always have other forms to depreciate with people and never used the 2106 for that.

[gkaiseril]

No Finance Charge Deduction

Since this is on a 2106 you will not be able to deduct the business % of the finance charge for the purchase of the camper like on a Schedule C.

If you think the description will cause a problem, list it as a light truck.

Other items to consider, has there been any modification for tool storage?

[SueBaby]

Since this is on a 2106 you will not be able to deduct the business % of the finance charge for the purchase of the camper like on a Schedule C.

If you think the description will cause a problem, list it as a light truck.

Other items to consider, has there been any modification for tool storage?

Yeah, I did not think of that. Thank you.