topic Is my Peterbilt 379 considered a &quot;heavy truck over 13,000 lbs&quot; or a &quot;truck tractor for over-the-road use&quot; if I am a local owner-operator not an over-the-road driver? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-my-peterbilt-379-considered-a-heavy-truck-over-13-000-lbs-or-a-truck-tractor-for-over-the-road/01/88521#M10393 Sat, 01 Jun 2019 03:33:10 GMT truckittransport 2019-06-01T03:33:10Z Is my Peterbilt 379 considered a "heavy truck over 13,000 lbs" or a "truck tractor for over-the-road use" if I am a local owner-operator not an over-the-road driver? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-my-peterbilt-379-considered-a-heavy-truck-over-13-000-lbs-or-a-truck-tractor-for-over-the-road/01/88521#M10393 Sat, 01 Jun 2019 03:33:10 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-my-peterbilt-379-considered-a-heavy-truck-over-13-000-lbs-or-a-truck-tractor-for-over-the-road/01/88521#M10393 truckittransport 2019-06-01T03:33:10Z what does your registration say ? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-does-your-registration-say/01/88545#M10403 what does your registration say ? Sat, 01 Jun 2019 03:33:12 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/what-does-your-registration-say/01/88545#M10403 fanfare 2019-06-01T03:33:12Z A Peterbilt 379 would be a "truck tractor for over-the-ro... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/a-peterbilt-379-would-be-a-truck-tractor-for-over-the-ro/01/88548#M10404 <P>A Peterbilt 379 would be a "truck tractor for over-the-road-use". It's a truck/tractor unit. Trailers are depreciated separately.<BR /></P> Sat, 01 Jun 2019 03:33:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/a-peterbilt-379-would-be-a-truck-tractor-for-over-the-ro/01/88548#M10404 Cattlerancher 2019-06-01T03:33:15Z IRS Publication 946 doesn't truly state the difference be... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/irs-publication-946-doesn-t-truly-state-the-difference-be/01/88557#M10408 IRS Publication 946 doesn't truly state the difference between a Truck or Trailer.<BR />Appendix B, 00.242...<BR />Trucks (over the road)... 5 years <BR />Trailers(-mounted containers) ... 5 years<BR />Tractor units... 3 years<BR /><BR />Posting from an online blog article re: Trucking for Businesses:<BR />"...&nbsp;&nbsp;a number of accountants had recommended the 3 year election on trucks and the 5 year on trailers while others recommended 5 years on both. I wanted to make sure I had my facts straight so I looked through the laws and instructions from the IRS and found that the confusion lies largely in the fact that a "Tractor" is a 3 year asset, while a "Truck" is a 5 year.&nbsp;&nbsp;The majority of drivers refer to their truck as a 'tractor-trailer', so in being told that the truck is a tractor, the accountants are classifying the trucks as tractors."<BR /><BR />Bonus Depreciation is applicable for Federal tax purposes or S179 or regular depreciation, depending on your choice and client's tax planning for future budgeting.<BR />Be cautious as certain States do Not conform with the Federal Bonus Depreciation laws but S179 is allowable by many but may be more limited.<BR /> Sat, 01 Jun 2019 03:33:17 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/irs-publication-946-doesn-t-truly-state-the-difference-be/01/88557#M10408 m-chan 2019-06-01T03:33:17Z