Would the owner operator of a semi-truck (large Peterbuilt) deduct his fuel, repairs, and insurance for that truck on Line 9 (Car and Truck Expense) of his schedule C, or divided among the other expense lines such as supplies, repairs and maintenance,and insurance?
Owner Operator Truck Driver, Schedule C
Mar 04, 2014
1 Replies
It doesn't make a difference as the net result is the same either way. However, there is a special line for insurance on Schedule C (does not include health insurance except for your bonafide employees) and I put the insurance there. Fuel and repairs would go on that line 9.
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