US tax credit for 2004 - Land Rovers Only

Frisco Kid 04 · 12-29-2004, 12:21 PM

There about to end so check you section 179 IRS forms and make sure to take full advantage of the 6000 GVWR.

It was lowered in October but 25K US is better than nothing....

rov'n · 12-29-2004, 04:30 PM

could you possibly enlighten me on that?

Serg · 12-29-2004, 05:45 PM

I believe it allows any vehicle over 6000 GVWR (weight) a tax deduction under "farm equipment" tax laws...

Serg

rov'n · 12-29-2004, 09:51 PM

so how can i get that to work for me (city boy)

Jonesy · 12-30-2004, 07:08 AM

What the....

Would some CPA type person enlighten us all???????? I have no idea what this is about.

Thanks!!

errant · 01-05-2005, 01:45 PM

It was meant to help businesses with equipment purchases. Here's a good article.

rov'n · 01-05-2005, 02:09 PM

humm so my dad is a small business owner meaning we could write off my rover?

dang can anyone put that into english

technical tax jargon

URdiscovery · 01-06-2005, 12:16 PM

Does this apply is A) It is bought used, and B) you dont own a small business? Thanks

John C · 01-06-2005, 12:39 PM

Yes and No

12-29-2004, 12:21 PM	#1 (permalink)
Frisco Kid 04 Member Join Date: Dec 2004 Posts: 7 Gallery: 0	US tax credit for 2004 There about to end so check you section 179 IRS forms and make sure to take full advantage of the 6000 GVWR. It was lowered in October but 25K US is better than nothing....

12-29-2004, 04:30 PM	#2 (permalink)
rov'n Senior Member Join Date: Dec 2004 Location: Lincoln,NE Posts: 229 Gallery: 0	could you possibly enlighten me on that? __________________

12-29-2004, 05:45 PM	#3 (permalink)
Serg LRO Founder Join Date: Aug 2004 Location: Los Gatos, CA Posts: 2,006 Gallery: 0	I believe it allows any vehicle over 6000 GVWR (weight) a tax deduction under "farm equipment" tax laws... Serg __________________ Current Vehicles: 2003 BMW 540iT M Sport 2005 BMW R1200GS 2004 Element Skateboard (Indy trucks, Bones Swiss, etc...) Past LR's: 1995 Range Rover LWB Classic 1995 Range Rover LWB Classic 1997 Discovery XD 1995 Range Rover LWB Classic 1995 Range Rover LWB Classic 4.0

12-29-2004, 09:51 PM	#4 (permalink)
rov'n Senior Member Join Date: Dec 2004 Location: Lincoln,NE Posts: 229 Gallery: 0	so how can i get that to work for me (city boy) __________________

12-30-2004, 07:08 AM	#5 (permalink)
Jonesy yo mama Join Date: Sep 2004 Location: Leesburg, VA Posts: 433 Gallery: 0	Huh??? What the.... Would some CPA type person enlighten us all???????? I have no idea what this is about. Thanks!!

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01-05-2005, 01:45 PM	#6 (permalink)
errant Member Join Date: Sep 2004 Location: Southern California Posts: 97 Gallery: 0	It was meant to help businesses with equipment purchases. Here's a good article.

01-05-2005, 02:09 PM	#7 (permalink)
rov'n Senior Member Join Date: Dec 2004 Location: Lincoln,NE Posts: 229 Gallery: 0	humm so my dad is a small business owner meaning we could write off my rover? dang can anyone put that into english technical tax jargon __________________

01-06-2005, 12:16 PM	#8 (permalink)
URdiscovery Member Join Date: Nov 2004 Location: Richmond VA, USA Posts: 31 Gallery: 0	Does this apply is A) It is bought used, and B) you dont own a small business? Thanks

01-06-2005, 12:39 PM	#9 (permalink)
John C 4x4 Adventure Gear Join Date: Nov 2004 Location: Tappan, NY Posts: 1,175 Gallery: 0	Yes and No

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