I am an employee of a construction company. I use my personal pickup truck for work in lieu of using one of the company's trucks. I am paid a monthly truck rent, for which I am sent a 1099-MISC. The total truck rent paid for the year is in box 1 (rents) on the 1099-MISC. The company provides a credit card for fuel and reimburses for oil changes that I pay for out-of-pocket. Neither the provided fuel nor the reimbursed oil changes are reported on a 1099. Can I deduct my business miles to offset the tax? I have records for mileage and the dollar value of the fuel that was provided. Would it be appropriate to calculate the standard mileage deduction and then subtract the value of the provided fuel from that? If so, how do I do that in TurboTax? If not, what's my best option?
