Semi truck purchase
$120,000-$200,000
Can I Write Off a Semi Truck?
Short answer: Yes: a semi used in a trucking business is a classic Section 179 and bonus depreciation asset.
Owner-operators also deduct fuel, maintenance, insurance, IFTA, and per diem. Keep ELD and maintenance records.
Records to keep: Keep a contemporaneous mileage log (date, miles, business purpose), business-use percentage, the purchase contract, and a photo of the door-jamb GVWR sticker.
Semi truck purchase
Typical range: $120,000-$200,000
General Business
Yes: a semi used in a trucking business is a classic Section 179 and bonus depreciation asset.
Business justification
Yes: a semi used in a trucking business is a classic Section 179 and bonus depreciation asset. Owner-operators also deduct fuel, maintenance, insurance, IFTA, and per diem. Keep ELD and maintenance records.
Category
- Vehicles by Make & Model