Independent Owner Operator truck driver. As I understand total costs of diesel fuel bought in the year is deductible. Am I correctly entering this as a line item "Diesel Fuel" under the business and travel expense page? If not am I expected to enter it on the "Gas" line after entering my vehicle information? Thanks
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You can enter it as a separate line item on the Schedule C:
Business Expenses > Other Common Business Expenses > Other miscellaneous Expenses, as a separate line item Diesel Fuel.
Since the business of the Schedule C is transportation I would report all the truck costs directly on the Schedule C, rather than as vehicle expense.
You can enter it as a separate line item on the Schedule C:
Business Expenses > Other Common Business Expenses > Other miscellaneous Expenses, as a separate line item Diesel Fuel.
Since the business of the Schedule C is transportation I would report all the truck costs directly on the Schedule C, rather than as vehicle expense.
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