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Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Mon Apr 29, 2013 11:18 AM CDT

It shouldn't be this complex. The client simply wanted to know how much depreciation could be claimed in 2013 if he bought a new vehicle. It required a series of questions from me and a lengthy discussion. Here's what you should know to shorten future conversations on this topic.

THE 6,000-POUND TEST

The tax code severely restricts not only first-year but annual depreciation on any vehicle, whether a car, truck or van, if the gross vehicle weight rating (GVWR) is 6,000 pounds or less. Virtually all cars are under this limit, as well as most smaller trucks, vans and SUVs. ...

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