$10,000 EIDL GRANT

I put my total expenses on that line so I don’t think it matters.

 

So it seems like I should put say if I gross 250k and then cost of fuel, payments, maintenance etc maybe 170k Put 250 for gross revenue sales and then put on cost of goods sold the 170k?

 

I’m pretty sure, I put net profit, from schedule k, which wasn’t much, and 0 for items sold.

 

I know it was asking for trailing 12 months gross revenue, can’t remember after that.

 

No, everyone pretty much agrees, $0 for products sold. This was settled way back in the thread. Lol.

 

Cost of goods sold is an accounting term for resellers. It’s what you pay for GOODS you SOLD.

Truckers don’t sell goods, truckers sell a service. Thus, cost of goods sold is naught.

Now, if you, for example, broker hay between the farm and the dairy, then the cost of the hay will be your cost of goods sold.

 

I sell my service. My cost to provide that service is my cost of goods.
I was approved for a loan.

 

That's the first time in my life I was wrxxx, let my try this.
Mistakxx. I can't even say it!
Here we go misinformed. Haha
What the heck are they asking truck drivers accounting questions for anyway.
Everyone knows we're all broke cause we haul cheap freight. Hahaha.
Just having a little fun folks. Have a great day.