Truckers Report Jobs

Find Trucking Jobs

Company Driver Company Driver Dry Van Dry Van Flatbed Flatbed Refrigerated Refrigerated Specialized Specialized Owner Operator Owner Operator
More Trucking Job Searches ⌄ Fewer Trucking Job Searches
⌃

Can owner ops deduct hotel expenses on the road?

Discussion in 'Ask An Owner Operator' started by asphaltcowboy4x4, Aug 2, 2019.

Page 1 of 3
  1. Aug 2, 2019 #1
    asphaltcowboy4x4

    asphaltcowboy4x4 Medium Load Member

    682
    479
    Dec 22, 2018
    0
    i know like when I was leasing and truck broke down that I would always deduct hotel expenses I’m curious tho say you get a hotel room every weekend for a reset can you deduct the hotel cost even if your truck anit broken??
     
    asphaltcowboy4x4, Aug 2, 2019
    asphaltcowboy4x4, Aug 2, 2019
    #1
    MartinFromBC Thanks this.
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

  3. Aug 2, 2019 #2
    Adieu

    Adieu Light Load Member

    117
    128
    Dec 3, 2018
    0
    Read up on "business travel" expenses, cause that's what you're doing
     
    Adieu, Aug 2, 2019
    Adieu, Aug 2, 2019
    #2
  4. Aug 2, 2019 #3
    kemosabi49

    kemosabi49 Trucker Forum STAFF Staff Member

    10,913
    47,394
    Jan 13, 2013
    SW Arkansas
    0
    Yes you can.
     
    kemosabi49, Aug 2, 2019
    kemosabi49, Aug 2, 2019
    #3
    Dave_in_AZ, MartinFromBC and asphaltcowboy4x4 Thank this.
  5. Aug 2, 2019 #4
    asphaltcowboy4x4

    asphaltcowboy4x4 Medium Load Member

    682
    479
    Dec 22, 2018
    0
    Is there a maximum amount in a year I can deduct of dosent if matter? Say 8500?
     
    asphaltcowboy4x4, Aug 2, 2019
    asphaltcowboy4x4, Aug 2, 2019
    #4
  6. Aug 2, 2019 #6
    LumbraX

    LumbraX Medium Load Member

    394
    443
    Sep 12, 2015
    Orlando, FL
    0
    No. If you spend $1,000,000 on hotel expenses it’s deductible
     
    LumbraX, Aug 2, 2019
    LumbraX, Aug 2, 2019
    #6
    Opendeckin Thanks this.
  7. Aug 2, 2019 #6
    TallJoe

    TallJoe Road Train Member

    7,490
    16,271
    Apr 12, 2016
    Chicagoland
    0
    No limits. You can go to the most expensive, luxurious presidential suites and write all of them off. Even, if it is $100 000. Just keep the receipts, otherwise they may not believe you.
     
    TallJoe, Aug 2, 2019
    TallJoe, Aug 2, 2019
    #6
    Opendeckin Thanks this.
  8. Aug 2, 2019 #7
    MartinFromBC

    MartinFromBC Road Train Member

    2,769
    12,483
    Oct 19, 2018
    0
    Yes you can it is a business expense.
     
    MartinFromBC, Aug 2, 2019
    MartinFromBC, Aug 2, 2019
    #7
  9. Aug 2, 2019 #8
    HoneyBadger67

    HoneyBadger67 Road Train Member

    2,056
    4,512
    Dec 15, 2018
    Savannah, TN
    0
    Whenever the wife needs to get out of the truck and I get a room for us, it always goes down in the tax sheets. For us it's only 6 - 8X a year, though.
     
    HoneyBadger67, Aug 2, 2019
    HoneyBadger67, Aug 2, 2019
    #8
  10. Aug 2, 2019 #9
    LumbraX

    LumbraX Medium Load Member

    394
    443
    Sep 12, 2015
    Orlando, FL
    0
    “The IRS allows business travelers to deduct business-related meals and hotel costs, as long as they are reasonable considering the circumstances—not lavish or extravagant”

    We don’t qualify for Presidential
     
    LumbraX, Aug 2, 2019
    LumbraX, Aug 2, 2019
    #9
    D.Tibbitt, Dave_in_AZ and Snailexpress Thank this.
  11. Aug 2, 2019 #10
    TallJoe

    TallJoe Road Train Member

    7,490
    16,271
    Apr 12, 2016
    Chicagoland
    0
    I disagree. I am the president of my 1 man/1 truck/1 trailer Corporation. I am not some negligible corporate clerk. I need the presidential suite.
     
    TallJoe, Aug 2, 2019
    TallJoe, Aug 2, 2019
    #10
    91B20H8, D.Tibbitt, FlaSwampRat and 6 others Thank this.
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

    Every month 400 people find a job with the help of TruckersReport.

    • Page 1 of 3