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?
You'll need to sign in or create an account to connect with an expert.
Yes, you can claim this as a 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.
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.
Yes, you can claim this as a business loss.
Does this particular loss go under inventory / cost of goods, or business expenses?
It should go under Inventory.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
3cb788b21812
New Member
jon_peara
New Member
allinost
New Member
knownoise
Returning Member
theleeb
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.