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Deductions & credits
I am not talking about taxes. My husband is a owner/operator of a trucking LLC and I do his taxes. He receives load to delivery through a larger trucking company which withholds money from his pay to go in a escrow account. Through my research I have found that as a owner/operator in the trucking industry it is a deduction on his taxes and I am not sure if it should go under other expenses or somewhere else on the Schedule C.
‎April 14, 2021
9:51 AM