standard mileage vs actual expenses

You have already deducted the cost on the net 1099.

But, the answer for the standard deduction is no.

Standard deduction for mileage is based on a car.

Car defined. For depreciation purposes, a car is any four-wheeled vehicle (including a truck or van) made primarily for use on public streets, roads, and highways. Its unloaded gross vehicle weight must not be more than 6,000 pounds. A car includes any part, component, or other item physically attached to it or usually included in the purchase price.

A car does not include:

• An ambulance, hearse, or combination ambulance-hearse used directly in a business,
  
• A vehicle used directly in the business of transporting persons or property for pay or hire, or
  
• A truck or van that is a qualified nonpersonal use vehicle.

http://www.irs.gov/publications/p463/ch04.html#en_US_2012_publink100033935

 

I would suggest you contact a CPA or tax professional who deals with trucking companies or owner operators. As I recall, you cannot use the standard mileage deduction on a class 8 truck. There are a number of other expenses you can deduct. You can take the per diem deduction for days that you are out of town. It is a standard daily deduction you can take in lieu of actual expenses. It has nothing to do with the expenses or costs of running your truck. You can also take depreciation on your truck, tax deductions such as 2290, IFTA, IRP, etc.,

 

Can I deduct my 83 Cad, S&S three way Hearse? I drive it to get supplys for my tractor. Can I deduct the 2000.00 in Crager wheels? I got the tires free. Hankook or something. Hey Free. 10/th of the size, same fuel milage. Don't ride any better either. Oh Boo, it's a car. Spare counts as 5 wheels. LOL

 

i fail to see why a guy needs to be ridiculed for asking a question on a forum that's all about free information.

 

How long have you had this incompetent tax person ? Are you just now filing taxes ? You should have been filing quarterly .
The company's policy of compensation on the 1099 sounds a little shady too but I don't reaaly know anything about that .

 

Explain to me what is grey about it.

 

Did you not read what I posted?

You cannot take it. Over the road tractors are used for transportation of property for hire.
Local trucks under 100 miles are still used for transportation of property for hire. For hire here simply means paid.
READ IT.


In addition, the 1099 was REDUCED by the amount of the fuel.


Ever hear of tax fraud.

I am not just a dumb trucker.

Look up the term ENROLLED AGENT TO PRACTICE BEFORE THE IRS. I have been one since 1984.