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Get your taxes done using TurboTax
You cant deduct miles as an owner operator for a commercial truck. I'm not using a vehicle to make sales or do presentations. I am transporting goods from a shipper to a receiver. However I can deduct the lease payment and all repairs and maintenance on the vehicle which is 100 percent deductible. Its a 2005 truck with almost 1 million miles on it. Its not worth much but I pay 800 a month to lease it. Therefor my question is do I leave the miles section at zero and put in all my expenses regarding the truck and will turbo tax give me a 100 percent deduction or do I put those expenses somewhere else?
May 31, 2019
6:47 PM