My new wood hauling rig

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leftyscott

Member
Hearth Supporter
Apr 6, 2009
201
arkansas
2011 Chevy Silverado 2500HD 4x4 ext. cab long bed work truck

Now...... I just need to figure out ways to write-off/depreciate a $30k vehicle against the $2000 I make in yearly wood sales.

Hmmmmm.... Any ideas?????
 

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Accountant time!
 
didn't you have a choice in colors? LOL. That's a nice truck. Now go and get some pics of it doing some work.
 
Very nice truck, Wonder how you will put the first scratch/ding in it :cheese:
 
certified106 said:
Very nice truck, Wonder how you will put the first scratch/ding in it :cheese:
That reminds me. My Dodge has that rubberized or whatever liner in the bed. I've never owned a truck before, but I grew up on a farm and I've seen my share of work trucks with beds. Every truck I own from here on out will have the money spent on this kind of liner. Anybody else swear by these?
 
Nice looking new truck there. Good luck with it.

I swear by steel plate decked flatbeds, but the rubber stuff seems to be pretty good too. The bed floor will still get bent, but it won't rust away to nothing. The rubber stuff is also not slippery like a plastic bed liner.
 
leftyscott said:
2011 Chevy Silverado 2500HD 4x4 ext. cab long bed work truck

Now...... I just need to figure out ways to write-off/depreciate a $30k vehicle against the $2000 I make in yearly wood sales.

Hmmmmm.... Any ideas?????

You're allowed to declare a loss for 3 years before the IRS deems it a hobby. Go online -- $100 will get you an LLC in which profits (or losses) will flow through to your personal income.

Depreciate that, your saws, expense gas, etc....
 
Flatbedford said:
...I swear by steel plate decked flatbeds...
aluminum is better. I wish I had one. toolboxes underneath and all the bells and whistles. It would be on my F550 4x4 Diesel crew cab. lol.
 
I'd be more comfortable tossing a Red Oak round onto my steel deck than I would on your aluminum one, but your aluminum one would look better.
 
Flatbedford said:
I'd be more comfortable tossing a Red Oak round onto my steel deck than I would on your aluminum one, but your aluminum one would look better.
nah, I wouldn't be throwing rounds on it. I'd be using the Grapple I've installed on my imaginary truck to pick up log lengths and set them down gently.
 
Before we get too carried away with imaginary rigs, we should start a thread and stop highjacking this one. ;-)
 
Flatbedford said:
Before we get too carried away with imaginary rigs, we should start a thread and stop highjacking this one. ;-)
yeah, yeah. You are right. Sorry!

So, anyway, which engine does that have in it? I don't even know what the 3/4 Ton Chevrolets can get. Both my father-in-law and my dad have Duramax's. One likes his, the other doesn't; they both have had problems.
 
Too bad you can't still get the 8.1 gas with the Allison Trans - that was a great combo, I miss mine. Except paying for gas.

Nice ride! Looks too clean though.
 
leftyscott said:
Now...... I just need to figure out ways to write-off/depreciate a $30k vehicle against the $2000 I make in yearly wood sales.

Hmmmmm.... Any ideas?????

Yep, should have bought it on 12/31/10 so you could have written half of it off today.
 
Yeah, good luck. My '83 1-ton hauls/tows 1.75 cord at a time, 10mpg., and I have less than $1,100.00 into it. Not braggin', just sayin'. It's a friggin truck (mine that is).
 
Danno77 said:
certified106 said:
Very nice truck, Wonder how you will put the first scratch/ding in it :cheese:
That reminds me. My Dodge has that rubberized or whatever liner in the bed. I've never owned a truck before, but I grew up on a farm and I've seen my share of work trucks with beds. Every truck I own from here on out will have the money spent on this kind of liner. Anybody else swear by these?

Yes, I had my whole truck covered in Line-X.
[Hearth.com] My new wood hauling rig
[Hearth.com] My new wood hauling rig


It's nice not having to worry about scratches and minor dings. With my Line-x and headache rack I'll pitch splits into the bed from twenty feet away, no biggie if I miss.
 
leftyscott said:
2011 Chevy Silverado 2500HD 4x4 ext. cab long bed work truck

Now...... I just need to figure out ways to write-off/depreciate a $30k vehicle against the $2000 I make in yearly wood sales.

Hmmmmm.... Any ideas?????

Sweet rig lefty, you'll be carrying a ton of wood in style.
 
Danno77 said:
didn't you have a choice in colors? LOL. That's a nice truck. Now go and get some pics of it doing some work.

Colors? Trucks are supposed to be white! ;-)
 
Hi -

It's like a grown-up version of my Silverado 1/2 ton, club cab, 6' box ; )

I put Timbren pads on the rear axle, and the heaviest rubber pad in the bed I could find. It gets 10-15 cord a year where it needs to go.

A coulpe weeks ago a woman ran out of her house and flagged me down. When I stopped she looked confused and said "Sorry - I thought you were with the electic company!". Plain wrapper I guess.

Welcome to the Bow Tie club!

Enjoy!
Mike
 
leftyscott said:
2011 Chevy Silverado 2500HD 4x4 ext. cab long bed work truck

Now...... I just need to figure out ways to write-off/depreciate a $30k vehicle against the $2000 I make in yearly wood sales.

Hmmmmm.... Any ideas?????
 
trailmaker said:
leftyscott said:
2011 Chevy Silverado 2500HD 4x4 ext. cab long bed work truck

Now...... I just need to figure out ways to write-off/depreciate a $30k vehicle against the $2000 I make in yearly wood sales.

Hmmmmm.... Any ideas?????

Sweet rig lefty, you'll be carrying a ton of wood in style.

Just log all miles used to haul wood that your selling. Must have documentation to write them off. Then of course you have to claim the money your paid for the wood.
 
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