- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You can deduct expenses necessary for the operation of your business if you actually paid them. So if you're ultimately paying for the gas for the truck, then that would generally qualify.
However, you must have documentation of the expenses. In the future, keep a diary of all miles accumulated for business purposes. (If you haven't done this already, don't try to create one later based on guesses; just suck it up and keep better records this year).
May 19, 2021
12:11 PM