When filing taxes as an owner operator can you report fuel and miles ??

Discussion in 'Trucker Taxes and Truck Financing' started by Freightshaker23, Mar 13, 2012.

Page 2 of 2
  1. May 11, 2012 #11
    Roadmedic

    Roadmedic Road Train Member

    18,951
    8,981
    Apr 4, 2007
    0
    It all depends on how the 1099 is reported to you.

    Some companies report the earnings net of fuel purchases. Therefore, no deduction for fuel is allowed.
     
    Roadmedic, May 11, 2012
    Roadmedic, May 11, 2012
    #11
  2. Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

  3. Aug 29, 2013 #12
    killer120

    killer120 Light Load Member

    70
    43
    Jul 1, 2013
    0
    if you go mileage they only deduct .56 per mile, while my actual expenses are 1.49 per mile, so I wouldn't do mileage, sure you gotta give them all the receipts and EVERYTHING but still its worth it, and you'll make more money
     
    killer120, Aug 29, 2013
    killer120, Aug 29, 2013
    #12
  • Truckers Report Jobs

    Trucking Jobs in 30 seconds

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

    • Page 2 of 2