2021 Bronco GVWR over 6000 lbs = tax deduction for some trims / models

[vintage]

Not sure if this was mentioned, but it looks like the Bronco models with a GVWR over 6000 can be fully deducted for business owners. This makes my two FE purchases even sweeter.

Sponsored

 

[rugbysecondrow]

If any of the 2dr models went over 6,000, I would upgrade to that model. I don't want a 4dr...wish I did. Lol

 

[NCOBX]

If they could just put some heavy duty springs in the rear and bump the payload up another 2,500lbs then it would be fuel economy exempt and we could get the V10

 

[j_marinelli]

Not sure if this was mentioned, but it looks like the Bronco models with a GVWR over 6000 can be fully deducted for business owners. This makes my two FE purchases even sweeter.

So if I create a company and make a simple yet useful aftermarket component for the Bronco and convince all y'all fine folks to buy it, I can write off my Bronco...

 

[MadMan4BamaNATL]

All you need is a business license or incorporate, which isn't too pricey.

My 2dr BadSquatch won't hit 6000, but then again once loaded and if I add a Goose system, just maybe.....

 

[drive21bronco]

Then you would have to put commercial plates on it (I think) thus not being able to drive on the parkways (at least in New York)

Edit: is this a New York only problem or more specifically Long Island?

 

[EvlNvrDys]

So if I create a company and make a simple yet useful aftermarket component for the Bronco and convince all y'all fine folks to buy it, I can write off my Bronco...

So uh... Will @JAGSarge help you with design?

 

[j_marinelli]

So uh... Will @JAGSarge help you with design?

 

[EvlNvrDys]

 

[jmoney]

Then you would have to put commercial plates on it (I think) thus not being able to drive on the parkways (at least in New York)

Edit: is this a New York only problem or more specifically Long Island?

Definitely not that way everywhere.

 

[vintage]

I own a couple companies, each are about to become proud owners of a 2021 Bronco. .

 

[Rick Astley]

Just waiting for the thread about somebody failing to report the negative depreciation from their S179 accelerated Bronco that they didn't hold onto for the proper life.

Have had a few fun exchanges with the IRS over newly-found clients who came to us as a result of IRS notification.

 

[j_marinelli]

Just waiting for the thread about somebody failing to report the negative depreciation from their S179 accelerated Bronco that they didn't hold onto for the proper life.

Have had a few fun exchanges with the IRS over newly-found clients who came to us as a result of IRS notification.

Not gonna lie, I was trying to figure out what a mustang had to do with the conversation until I realized you said s179 and not sn195

 

[drive21bronco]

Not gonna lie, I was trying to figure out what a mustang had to do with the conversation until I realized you said s179 and not sn195

had the same thought

 

[vintage]

Just waiting for the thread about somebody failing to report the negative depreciation from their S179 accelerated Bronco that they didn't hold onto for the proper life.

Have had a few fun exchanges with the IRS over newly-found clients who came to us as a result of IRS notification.

Good CPA's aren't cheap and cheap CPA's aren't good.

Sponsored