Dealer NW PA Dealers
- Thread starter TheBigO
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Are you planning on buying a heavy duty trailer that will haul the tractor? (i.e. how far are you willing to travel?)
Also what tractor are you wanting to buy?
Rogue<P ID="edit"><FONT SIZE=-1>Edited by rogue on 08/04/01 09:16 AM (server time).</FONT></P>
Also what tractor are you wanting to buy?
Rogue<P ID="edit"><FONT SIZE=-1>Edited by rogue on 08/04/01 09:16 AM (server time).</FONT></P>
rouge
well with all the advice i`ve gotten, looks like maybe a L3710hst 4wd. not sure yet. willing to travel a ways if price is right and dealer is good. wont be buying a trailer but i have an old frame and axels from a mobile home. will build a trailer from it. can i get buy paying taxes buying from New York or Ohio?
Steve
well with all the advice i`ve gotten, looks like maybe a L3710hst 4wd. not sure yet. willing to travel a ways if price is right and dealer is good. wont be buying a trailer but i have an old frame and axels from a mobile home. will build a trailer from it. can i get buy paying taxes buying from New York or Ohio?
Steve
JonSpinosa
Silver Member
I purchased my BX2200 from John Pero of Fruit Acres Tractor near Erie PA. I was happy with his support. My local dealer would not match his price. I would recommend him.
Jon
Jon
When you buy out of state the dealer has you sign a sheet stating you are a PA res. Then if the state finds out, you have to pay it. I found the best deal in state. I would try to stay close tyo home for warrentee work. I think I have a fuel tank leak so mine will have to go back again!
Rogue
Rogue
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I'd second the recommendation for John Pero of Fruit Acres in North East PA. No, not the north eastern part of the state, but in North East which should be a lot closer to you than to me in Beaver County. I've had my BX for over a year, and Pero has taken care of supplying parts for my warranty needs, with me doing the work. Fortunately, nothing that I haven't been able to handle. Seems the my local dealer balks at taking care of even the smallest problem since I didn't by from them, even though Kubota says your warranty is good at every dealer. If and when I upgrade, I'll give Pero another consideration.
re Taxes ...
If you're buying a L3710hst 4wd for puttering around in the backyard ;^) it's probably taxable. If there is a for-profit business motive involved you can get a *huge* tax break.
First, since you're looking at $1000 or more in state sales tax it would be worth your while to spend $50 and talk to a tax advisor. PA has some sales tax exemption rules that apply to farm equipment and some other categories. There is some form you have to fill out. I've also read that PA isn't going to collect sales tax for internet purchases - so if you can get a dealer to accept an order by email you *may* have an out. Also I believe that if the transaction takes place in another state PA has no claim on the tax even if you bring the tractor back to PA. A tax advisor could tell what is possible.
If it's for business the price gets written off your federal return (against profits) according to a depreciation schedule. Checkout the section 179 of the Federal tax rules too. Most business equipment you can write off up to about $24k in the first year (against profits) which would be a huge price break. You don't need to be incorporated, you just need to have a legit business with enough profit to write off the cost against. It's like buying it with pre-tax dollars (and there are always a lot more of those). If you write the expense off you'll eventuallt have to pay some taxes on the proceeds when you go to sell it but it's a great deal.
The IRS will disallow hobby use - but if you use the tractor to make a profit beyond your expenses you can use that pre-tax profit against the cost.
I'm not a tax expert, but I do run a small business and this is my impression of the tax laws. Take it as non-expert advice with a grain of salt, but it's worth looking into with a tax advisor - one that understands small businesses.
-Steve
If you're buying a L3710hst 4wd for puttering around in the backyard ;^) it's probably taxable. If there is a for-profit business motive involved you can get a *huge* tax break.
First, since you're looking at $1000 or more in state sales tax it would be worth your while to spend $50 and talk to a tax advisor. PA has some sales tax exemption rules that apply to farm equipment and some other categories. There is some form you have to fill out. I've also read that PA isn't going to collect sales tax for internet purchases - so if you can get a dealer to accept an order by email you *may* have an out. Also I believe that if the transaction takes place in another state PA has no claim on the tax even if you bring the tractor back to PA. A tax advisor could tell what is possible.
If it's for business the price gets written off your federal return (against profits) according to a depreciation schedule. Checkout the section 179 of the Federal tax rules too. Most business equipment you can write off up to about $24k in the first year (against profits) which would be a huge price break. You don't need to be incorporated, you just need to have a legit business with enough profit to write off the cost against. It's like buying it with pre-tax dollars (and there are always a lot more of those). If you write the expense off you'll eventuallt have to pay some taxes on the proceeds when you go to sell it but it's a great deal.
The IRS will disallow hobby use - but if you use the tractor to make a profit beyond your expenses you can use that pre-tax profit against the cost.
I'm not a tax expert, but I do run a small business and this is my impression of the tax laws. Take it as non-expert advice with a grain of salt, but it's worth looking into with a tax advisor - one that understands small businesses.
-Steve
Fruit Acres has a competitive price after talking to 6 dealers.L3010hst 4wd r4s, 482 fel. Over the phone was quoted $18,299. Not sure if this is good or not but haven`t tried to get him down any yet.
My girlfriends mother does buisiness taxes for people and maybe she can help me out where that is concerned. While I don`t have a for-profit buisiness, my property is assesed as 40 acres agricultural. I don`t plan on planting any crops. I could plant come stuff and set up a stand at the base of my driveway and sell for profit.
There`s also an old oil lease (6 wells) here . maybe there is some way of getting a tax-break there too. Maybe I could go into the corn-oil buisiness. :O
Does anybody know a good site for implement list prices?
Thanks for the help all.
steve
<P ID="edit"><FONT SIZE=-1>Edited by TheBigO on 08/06/01 06:19 PM (server time).</FONT></P>
My girlfriends mother does buisiness taxes for people and maybe she can help me out where that is concerned. While I don`t have a for-profit buisiness, my property is assesed as 40 acres agricultural. I don`t plan on planting any crops. I could plant come stuff and set up a stand at the base of my driveway and sell for profit.
There`s also an old oil lease (6 wells) here . maybe there is some way of getting a tax-break there too. Maybe I could go into the corn-oil buisiness. :O Does anybody know a good site for implement list prices?
Thanks for the help all.
steve
<P ID="edit"><FONT SIZE=-1>Edited by TheBigO on 08/06/01 06:19 PM (server time).</FONT></P>
PaulT
Gold Member
Actually,
The $24K deduction is allowable against the business operators TOTAL w2 earnings. That means if you legitimately operate a farm on a part-time basis, and you are also employed elsewhere, the net profit or loss of your legitimate farm flows to your personal income tax (except for a C-corp.) where it can be netted against other sources of earnings. The capital equipment expense limit categorizes this as a valid business expense, period. This means that the net income of that business is reduced by the amount of the expensed equipment. If you would have otherwise made $2000, but you bought a $24000 tractor, you can claim a net loss of $22000, and reduce your total reported w2 wages by this amount. Of course you need to file the long form of the 1040 and the associated schedule forms to flow the loss to the top-level 1040 form line items.
BTW, I bought my 2710 from Keys recreational in Reynoldsville. He had the best price by far (even over Carver), and since my buddy and I both bought one, he delivered 250 miles away (in NY) for free. There were a few setup realted issues, though. Probably due to my pressuring them to deliver (they were only 2 weeks late from the promised date). See this link for details on the setup issues. Re:Survey of Repairs on your tractor
PaulT<P ID="edit"><FONT SIZE=-1>Edited by pault on 08/23/01 12:37 PM (server time).</FONT></P>
The $24K deduction is allowable against the business operators TOTAL w2 earnings. That means if you legitimately operate a farm on a part-time basis, and you are also employed elsewhere, the net profit or loss of your legitimate farm flows to your personal income tax (except for a C-corp.) where it can be netted against other sources of earnings. The capital equipment expense limit categorizes this as a valid business expense, period. This means that the net income of that business is reduced by the amount of the expensed equipment. If you would have otherwise made $2000, but you bought a $24000 tractor, you can claim a net loss of $22000, and reduce your total reported w2 wages by this amount. Of course you need to file the long form of the 1040 and the associated schedule forms to flow the loss to the top-level 1040 form line items.
BTW, I bought my 2710 from Keys recreational in Reynoldsville. He had the best price by far (even over Carver), and since my buddy and I both bought one, he delivered 250 miles away (in NY) for free. There were a few setup realted issues, though. Probably due to my pressuring them to deliver (they were only 2 weeks late from the promised date). See this link for details on the setup issues. Re:Survey of Repairs on your tractor
PaulT<P ID="edit"><FONT SIZE=-1>Edited by pault on 08/23/01 12:37 PM (server time).</FONT></P>
