Mary not the other Mary Posted April 23, 2021 Report Share Posted April 23, 2021 T/P started a water tender business last year. It's on a F 550 chassis. I don't see this as a Listed Auto, it is highway registered of course but like an ambulance you're not likely to use this as a Personal vehicle. So if this is correct, and I enter it on the FA sheet as a Vehicle and a 10 year water transport equipment (again, I don't find that sub category in ANY of my tax books--what IS that?? transport equipment over the water, or equipment that transports water??) cannot put actual expenses in under vehicle. On the other hand if I put it as 5year truck over 6000lbs (GVWR is 19,500 lbs) I can list it here. It just won't be subject to 280F limitations?? Not Listed Property? Am I overthinking this??? Quote Link to comment Share on other sites More sharing options...
Lee B Posted April 23, 2021 Report Share Posted April 23, 2021 See Pub 946 - Since the GVW of an F550 is over 6,000, it is not listed property and 280F limitations do not apply - 5 year life. 3 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted April 24, 2021 Report Share Posted April 24, 2021 2 hours ago, Mary not the other Mary said: 10 year water transport equipment (again, I don't find that sub category in ANY of my tax books--what IS that?? transport equipment over the water, Yes, transporting over water, asset class 00.28 See table B-1 in pub 946. 2 hours ago, Mary not the other Mary said: put it as 5year truck over 6000lbs (GVWR is 19,500 lbs) Yes, asset class 00.21 or 00.242 if actual unloaded weight is over 13,000. 1 Quote Link to comment Share on other sites More sharing options...
DANRVAN Posted April 24, 2021 Report Share Posted April 24, 2021 2 hours ago, Mary not the other Mary said: over 6000lbs (GVWR is 19,500 lbs) GVWR is the recommended loaded weight. 1 Quote Link to comment Share on other sites More sharing options...
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