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King Transport
Level 2

Business Loss

I am a truck driver, a customer refused a produce load I attempted to deliver valued at $9000. My insurance carrier denied my claim so I was left with the tab. Can I write off this expense?

1 Best answer

Accepted Solutions
JohnB5677
Expert Alumni

Business Loss

Yes, you can claim this as a business loss. 

  • You paid $9,000 for the load when it was refused. 
  • This then became inventory. 
  • You stated that you disposed of it.
  • Did you get any compensation from the disposal.
  • Any amount received would be deducted from the $9,000 and represent your loss.
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5 Replies
Mike9241
Level 15

Business Loss

it's unclear as to whether you paid the $9.000 out of pocket or just couldn't collect on the load.

if you paid it out of pocket, you can deduct what you paid for it. if you incurred no out-of-pocket expense, you just couldn't collect on delivery there is nothing to deduct because you haven't included it in income.  

King Transport
Level 2

Business Loss

After the customer refused the load , the shipper wouldn't take it back, so the shipper charged me for load, which now became my load and I ended up disposing it.

JohnB5677
Expert Alumni

Business Loss

Yes, you can claim this as a business loss. 

  • You paid $9,000 for the load when it was refused. 
  • This then became inventory. 
  • You stated that you disposed of it.
  • Did you get any compensation from the disposal.
  • Any amount received would be deducted from the $9,000 and represent your loss.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
King Transport
Level 2

Business Loss

Does this particular loss go under inventory / cost of goods, or business expenses?

JeffreyR77
Expert Alumni

Business Loss

It should go under Inventory.

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