2406548
My husband is a truck driver and he used two different trucks during 2021, how can he deduct expenses for both? combining all expenses, or they need to be reported separately?
You'll need to sign in or create an account to connect with an expert.
Both of them need to be reported separately. Your husband can take a deduction for the expenses incurred while doing business. It is advisable to keep expenses separate for both the vehicles for record tracking purposes, since in the future the IRS may ask for documentation and it would be easier to provide the breakdown for both the vehicles.
Please visit Business Use of Vehicle for more information on the various deductions available and the rules related to it.
Both of them need to be reported separately. Your husband can take a deduction for the expenses incurred while doing business. It is advisable to keep expenses separate for both the vehicles for record tracking purposes, since in the future the IRS may ask for documentation and it would be easier to provide the breakdown for both the vehicles.
Please visit Business Use of Vehicle for more information on the various deductions available and the rules related to it.
Thank you so much for your reply. Yes we have all deductions documented and separated for each vehicle.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
erica4912
New Member
ronni3sand36
New Member
pamrush123
New Member
Jeff-W
Level 1
RobertBurns
New Member