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Excavation and site work

Excavation and site work: the tax questions worth asking early

Big iron, fuel, and hauling. Purchases here are large enough to change the whole year.

Decisions that change the picture

  • Buying or financing an excavator, dozer, or dump truck.
  • Renting equipment for a single large job.
  • Hauling and disposal arrangements.

Records worth keeping as you go

  • Purchase and loan documents for every machine.
  • Fuel and maintenance separated by machine where possible.
  • Hauling, dump fee, and permit records.

Questions to bring to your tax pro

  • How should the machine I bought this year be handled?
  • Does the loan structure change anything on my return?
  • What should my quarterly estimates look like after a purchase this size?
This guide is general information, not tax advice. Your tax professional decides what applies to your business and your filing.
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