Pick up truck >179

[BOB W]

Pickup truck used 100% for business is over 6,000 lbs but under 14,000 lbs appearently is treated the same as an SUV. Am I reading this correctly?

TTB
"Sport utility vehicles. The maximum cost of a sport utility vehicle
which may be taken into account under Section 179 is $25,000.
Sport utility vehicles include vehicles that do not fall under the
general automobile limitations of IRC Section 280F (loaded gross
vehicle weight greater than 6,000 pounds) and are rated at no
more than 14,000 pounds gross vehicle weight."

[travis bickle]

I don't believe

your initial premise is correct.

Page 10-7 of TTB has a paragraph with a bolded title "Sport utility vehicles." In that paragraph it reads, ". . .For this purpose an SUV is defined as any four-wheeled vehicle primarily designed or used to carry passengers over public streets, roads, or highways . . ." [This information from TTB is taken straight from IRS pub 946].

Based on that above definition, I do not see how a pickup truck can be treated the same as an SUV [or, vice versa].

But, what do I know? After all, we are speaking of the "logic" of the tax code.

[Bees Knees]

You need to look at the entire quote from TTB, page 10-7:

Sport utility vehicles. Most sport utility vehicles are rated at
more than 6,000 pounds and are thus not subject to the Section
280F yearly depreciation limitations. However, the Section 179 deduction
for SUVs is limited to $25,000. For this purpose, an SUV is
defined as any four-wheeled vehicle primarily designed or used
to carry passengers over public streets, roads, or highways, that is
not subject to any of the passenger automobile limits under Section
280F, and that is rated at no more than 14,000 pounds gross
vehicle weight. The $25,000 limit does not apply to any vehicle:
• Designed to have a seating capacity of more than nine persons
behind the driver’s seat,
• Equipped with a cargo area of at least six feet in interior length
that is an open area or is designed for use as an open area but is
enclosed by a cap and is not readily accessible directly from the
passenger compartment, or
• That has an integral enclosure, fully enclosing the driver compartment
and load carrying device, does not have seating rearward of
the driver’s seat, and has no body section protruding more than
30 inches ahead of the leading edge of the windshield.

The point being, under the second bullet, if the cargo bed of the pickup is at least six feet, the pickup truck is not subject to the SUV $25,000 limit for Section 179. If the cargo bed is less than 6 feet, the pickup is treated like an SUV.

[BOB W]

I had looked in SB5-15 and that section mentioned nothing about Pickups. Maybe it should.........

[travis bickle]

Boy was I tired,

I had looked in SB5-15 and that section mentioned nothing about Pickups. Maybe it should.........

whoo.

When I read the original post, I thought that -- somehow or other -- you were making an SUV equal a Pickup Truck, whereas you were only making a comment that the treatment of the pickup and SUV were apparently the same.

Duh.

[BOB W]

whoo.

When I read the original post, I thought that -- somehow or other -- you were making an SUV equal a Pickup Truck, whereas you were only making a comment that the treatment of the pickup and SUV were apparently the same.

Duh.

And appearently they are treated the same if the bed is under 6 feet..

Another issue is the 30 inch rule, the last bullet in Brads post? Never considered that one......where is that coming from...I think most pickup truck exceed 30 inches from the windshield forward.....????

[joanmcq]

Body, not hood.

[Gene V]

And appearently they are treated the same if the bed is under 6 feet..

Another issue is the 30 inch rule, the last bullet in Brads post? Never considered that one......where is that coming from...I think most pickup truck exceed 30 inches from the windshield forward.....????

Bob, See Pub. 463 page 17.

[BOB W]

Bob, See Pub. 463 page 17.

Sorry about that, I knew where it came from but 30 inches seems very short for a pickup
truck. The hood to the headlights seems like it would be more the 30". Where am I going wrong here?

[outwest]

Think standard van here..

Short hood on those right?

[BOB W]

Short hood on those right?

Yep ... on Van..... Maybe from the list it is ANYONE of those qualities that qualifies??????

Or maybe they are talking about ON TOP of the cab section jutting out over the windshield..????? Must Be....

[Bees Knees]

They are talking about a cargo van or a UPS type truck.

The cargo area is enclosed with the driver compartment...it does not have any seats behind the driver's seat...and no part of the body of the vehicle extends more than 30 inches beyond the windshield.

Congress probably just got done watching an episode of King of Queens when they wrote that rule.