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#2
06-28-2005, 12:18 PM
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 Re: Auto Dep - 2004 - pls help Look at the form 4562 instructions at the bottom of page 9: http://www.irs.gov/pub/irs-pdf/i4562.pdf -- "anna" <annabaum100[at]yahoo.com> wrote in message news:1119893338.844497.121990[at]z14g2000cwz.googlegroups.com... - quote - > Hi Richard, > Thanks for your input. > How did you arrive at $10,610 ? > Is there a page on any site that you can point me to so I can see how > you arrived at $10,610 ? > Thanks in advance, > Anna > Richard Bollar wrote: > > The number is $10,610, because the vehicle was placed into service in > > 2004, > > but remember that nobody in this group is giving tax advice and the > > investment in a tax preparer will more than pay for itself. > > > The good news is that had your sister acquired the SUV after October 22, > > the > > deduction would be limited to $25,000. > > > -- > > > "anna" <annabaum100[at]yahoo.com> wrote in message > > news:1119722178.931596.241620[at]g47g2000cwa.googlegroups.com... > > > My sister bought a pre owned 2001 Luxury SUV for $28,500 in sept 2004. > > > had 45,000 miles on it when she bought it. > > > > > She has an extension to do her 2004 taxes till oct 15 2005. > > > > > She wants to write it off (using all possible) depreciation under IRS > > > rules. > > > > > I tried reading the rules and am confused. > > > > > can anyone pls help ? > > > > > what is the max dep she can write off during 2004 ? > > > > > It says on a IRS pub: > > > $10,910 if you claim the 50% or 30% special allowance > > > is this the figure ? > > > > > She uses this auto 100% for bus. > > > > > Pls help. > > > > > Thanks > |
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#1
06-27-2005, 05:28 PM
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| Re: Auto Dep - 2004 - pls help Hi Richard, Thanks for your input. How did you arrive at $10,610 ? Is there a page on any site that you can point me to so I can see how you arrived at $10,610 ? Thanks in advance, Anna Richard Bollar wrote: - quote - > The number is $10,610, because the vehicle was placed into service in 2004, > but remember that nobody in this group is giving tax advice and the > investment in a tax preparer will more than pay for itself. > The good news is that had your sister acquired the SUV after October 22, the > deduction would be limited to $25,000. > -- > "anna" <annabaum100[at]yahoo.com> wrote in message > news:1119722178.931596.241620[at]g47g2000cwa.googlegroups.com... > > My sister bought a pre owned 2001 Luxury SUV for $28,500 in sept 2004. > > had 45,000 miles on it when she bought it. > > > She has an extension to do her 2004 taxes till oct 15 2005. > > > She wants to write it off (using all possible) depreciation under IRS > > rules. > > > I tried reading the rules and am confused. > > > can anyone pls help ? > > > what is the max dep she can write off during 2004 ? > > > It says on a IRS pub: > > $10,910 if you claim the 50% or 30% special allowance > > is this the figure ? > > > She uses this auto 100% for bus. > > > Pls help. > > > Thanks |
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06-26-2005, 12:47 PM
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| Re: Auto Dep - 2004 - pls help The number is $10,610, because the vehicle was placed into service in 2004, but remember that nobody in this group is giving tax advice and the investment in a tax preparer will more than pay for itself. The good news is that had your sister acquired the SUV after October 22, the deduction would be limited to $25,000. -- "anna" <annabaum100[at]yahoo.com> wrote in message news:1119722178.931596.241620[at]g47g2000cwa.googlegroups.com... - quote - > My sister bought a pre owned 2001 Luxury SUV for $28,500 in sept 2004. > had 45,000 miles on it when she bought it. > She has an extension to do her 2004 taxes till oct 15 2005. > She wants to write it off (using all possible) depreciation under IRS > rules. > I tried reading the rules and am confused. > can anyone pls help ? > what is the max dep she can write off during 2004 ? > It says on a IRS pub: > $10,910 if you claim the 50% or 30% special allowance > is this the figure ? > She uses this auto 100% for bus. > Pls help. > Thanks |
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#-1
06-25-2005, 05:56 PM
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| Auto Dep - 2004 - pls help My sister bought a pre owned 2001 Luxury SUV for $28,500 in sept 2004. had 45,000 miles on it when she bought it. She has an extension to do her 2004 taxes till oct 15 2005. She wants to write it off (using all possible) depreciation under IRS rules. I tried reading the rules and am confused. can anyone pls help ? what is the max dep she can write off during 2004 ? It says on a IRS pub: $10,910 if you claim the 50% or 30% special allowance is this the figure ? She uses this auto 100% for bus. Pls help. Thanks |
| Tags |
| 2004, auto, dep, pls |
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