2009 - 2014 F-150

Tax Elegibility Question

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Old May 9, 2011 | 11:15 AM
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GoingGoingGone's Avatar
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From: Phoenix AZ area
Tax Elegibility Question

Does a F-150 with 5.5' bed and bed extender qualify for a Section 179 tax write off as meeting the 6' bed requirement?
 
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Old May 9, 2011 | 01:07 PM
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No.
 
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Old May 9, 2011 | 07:42 PM
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GoingGoingGone's Avatar
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Originally Posted by johnwill
No.
Thank you for your prompt answer. My impulsive son is chomping at the bit to buy a new truck and I told him to find out for sure if the shortest beds were eligible if he intends to utilize that writeoff.
 
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Old May 9, 2011 | 07:51 PM
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Not sure for 2011 but in the past the 6'+ bed allowed the Sec179 to be used for full purchase price(if using truck for 100% business) where under a 6' bed was capped at $25k(I think) for the write-off.
I just bought another 6.5' bed because I liked it so much after buying initially for tax benefits.
 
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