Posted by JEarls on June 20, 2003 at 06:53:03:
Here is a good link
SUV Deduction Details?? - Posted by JohnB_ NJ
Posted by JohnB_ NJ on April 08, 2003 at 24:37:31:
could someone point me in the right direction to get some information on the SUV accelerated (upto 30K) deduction that I am hearing about. What are the details. I understand that the vehicle must exceed a certain Gross Vehicle Wt.
Maybe someone knows the IRS publication number.
Thanks in advance.
Looking to buy a new truck and I would like to take advantage of this …
-JohnB
Re: SUV Deduction Details?? - Posted by Dave Murray, CPA
Posted by Dave Murray, CPA on April 08, 2003 at 10:44:22:
GVW must be greater than 6,000 lbs. Total allowable depreciation for the vehicle would be 24,000 [25,000 for 2003] plus 30% of the remainder for “Special” [9-11 legislation] plus 20% of the remainder for regular MACRS depreciation. Simple, isn’t it? 
Ex: for a $40,000 SUV: depreciation for 2003 = 25,000 + 4,500 + 2,100 = $31,600. Incidentally, I know of no publication that puts this altogether in this fashion, although I haven’t read #946 How to Depreciate Property lately
Re: SUV Deduction Details?? - Posted by dr. amando reniva, m.d.
Posted by dr. amando reniva, m.d. on July 03, 2003 at 13:01:04:
- To what extent has the deduction calculation dave murray, cpa posted on 4.08.2k3, wrt suvs gvw greater than 6000 pounds changed, as a result of the latest
congressional/bush #43 tax reduction bill? thanks for a reply.