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Increased Vehicle Weight
Q:
Dear Sir,
I saw your advice on the net and really appreciate the work you have posted. I have a question I am hoping you can help with. I purchased a used BMW for the depreciation deduction at the end of 2004 to use in my
business, a vocational school, transporting books from the publisher to our school. It was 5,840 pounds, but when I added the necessary roof rack to carry the inventory it meets the 6,000 pound requirement. This works for the IRS
requirement, right?
Thank you in advance for your time.
A:
If the new rack becomes permanently affixed to the vehicle, you can add its weight to that of the vehicle to see if it is more than 6,000 pounds. If it's a removable stick-on rack, you will have a tougher time proving that its weight should be counted along with the vehicle's.
This is no different than what some car dealers do when they sell their "tax upgrade packages" with various other features, such as towing equipment and racks installed to push the weight of an SUV or truck over that magical 6,000 pound threshold.
Kerry Kerstetter
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 1/19/2005 08:20:00 PM Send this post:
