Jump to content

Worlds most modified truck


Ray,IN
 Share

Recommended Posts

If you watch the video, he said they put $150k-$180k into the truck.  I would imagine a huge part of that is engraving and chrome, and trinkets.  They also did the paint in house, so much labor, but their own.  I'm sure the whole truck is a business expense, which just means he didn't pay income tax on the money.  He still spent it.

Link to comment
Share on other sites

We have a small farm, deduct as can those expenses to keep Tax time out of Loss Column.  I will deduct my expenses on the KW, just is FAR below this guys costs, labor cannot be deducted.  I am putting Weight Tags on the old Blue Beast, so can be a deduction on taxes where RV cannot, can still pull a RV with it just as could with a Farm Pickup.

Best can conjure up after two years I will have less than $55k in the machine including reduction from traded machines, cannot buy a decent used Ton Dually for that.

 

Dave

Link to comment
Share on other sites

Just be careful how you expense the truck against the farm.  When we first bought our Volvo, my accountant said it was fine for the farm to buy it.  Buttttt...... that makes it commercial, as it's part of my compensation.  We bought it out of the farm corp., at a loss, and put it in our personal names.  However, it didn't hurt that we also had a Mack for the farm, and the same dealer had parts for both.

Link to comment
Share on other sites

2 hours ago, Darryl&Rita said:

Does that mean the Mack got a new cab suspension crossmember, sourced from a remote location? Inquiring minds want to know.

No, I'm just some dumb, not plumb dumb.  Actually, I bought all the new cab suspension parts from a Volvo dealer, before I knew my Mack dealer had a relationship with a Volvo dealer in Kentucky.  But, I did stock some common parts that fit both trucks, and sometimes forgot which truck they were originally intended for.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

RVers Online University

campgroundviews.com

Our program provides accurate individual wheel weights for your RV, toad, and tow vehicle, and will help you trim the pounds if you need to.

Dish For My RV.

RV Cable Grip

RV Cable Grip

All the water you need...No matter where you go

Country Thunder Iowa

Nomad Internet

Rv Share

RV Air.

Find out more or sign up for Escapees RV'ers Bootcamp.

Advertise your product or service here.

The Rvers- Now Streaming

RVTravel.com Logo



×
×
  • Create New...