When filing taxes as an owner operator can you report fuel and miles ??

Fuel expense -- yes; it's part of your cost of doing business.

I don't believe you can claim the miles run (do you mean as a credit?) because all your other costs (truck payments (if any), fuel, permits, insurance, maintenance, tires, parts, whatever) are your real total costs of doing business. So you can't claim all of that and then claim miles.

 

Not really one or the other. You can deduct business expenses: all the fuel/payments/insurance/etc. but you can only claim them once. (Ha! IRS is looking for that one!). Actually, I don't know how you'd claim miles run, but no matter: just total your expenses and that'll work for ya.

Correct. Can't claim anything for which you're reimbursed (your company will claim that) (Ha! IRS is looking for that one too!).

 

You can claim the tolls as an expense, but have to show reimbursement as income. Thus its a washout.

 

The only miles you can claim are the miles placed upon your car, pickup or motorcycle for business use, ie parts runs, etc. You cannot claim mileage on your truck because you already claim deductions for the things needed to move that truck, fuel, maintenance, tolls, etc.

 

You can do the mileage deduction if you want, but you lose all those other deductions so it's not worth it.

 

One or the other..
Miles you don't have to have receipts..but do need a record of miles driven.
I claim miles on my Private vehicle, even estimate backing up
On a large car
Add up miles x the deduction vs Deductions with receipts...probably find its not worth doing just miles.

 

The IRS doesn't even allow mileage deduction for a Commercial Motor Vehicle. You must deduct actual expenses to operate it, including depreciation costs. The only mileage deduction allowed, is when you use your personal vehicle (car or pickup) for business purposes (parts runs, etc). Don't believe me? Ask the IRS.

 

Besides, mileage would come nowhere near equal to what it actually costs for you to move a CMV.

Parts runs in your personal vehicle can be deducted by mileage. If you have to drive a long way to get a part, you can write it off. Just like you would pay a shop $x for overnight freight, etc. It's an expense of the business. Just keep track of between what cities you drove and correlate it to the receipt of the part you bought.