Can you use your entire truck as a tax write off for your business?

942116

{"replyTo":"

936953 发表于 2021-08-15 00:04:49 They pretty much did away with that.

","text":"no way! ugghhh","replyToPid":440103}

942116

{"replyTo":"

936953 发表于 2021-08-15 00:04:49 They pretty much did away with that.

","text":"they have to offer some compensation equivalent to that or is that reserved for owner/operators exclusively now?","replyToPid":440103}

1039748

{"replyTo":"

936953 发表于 2021-08-15 00:04:49 They pretty much did away with that.

","text":"😭Nooo!","replyToPid":440103}

942116

{"replyTo":"","text":"a good accountant is well worth the investment. I farm and truck so any help with taxes is worth it to me","replyToPid":0}

674413

{"replyTo":"","text":"Yes used 3yrs new 5 ","replyToPid":0}

1047332

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1039748 发表于 2021-08-14 23:58:37 Thank you, I will definitely be using that advice😁

","text":"Here is the link that verify’s ‘Navy Popeye’ advice:\n\nhttps://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center\n\nScroll down to ‘Home Office Deduction’\n\nStill valid.","replyToPid":440102}

942116

{"replyTo":"

1047332 发表于 2021-08-15 00:38:49 Here is the link that verify’s ‘Navy Popeye’ advice:\n\nhttps://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center\n\nScroll down to ‘Home Office Deduction’\n\nStill valid.

","text":"thanks!","replyToPid":440112}

936953

{"replyTo":"

1047332 发表于 2021-08-15 00:38:49 Here is the link that verify’s ‘Navy Popeye’ advice:\n\nhttps://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center\n\nScroll down to ‘Home Office Deduction’\n\nStill valid.

","text":"Good luck convincing the IRS you use your living room to pick up and deliver freight. Key term here is “Principal Place of Business” Plus it  pretty much tops the list of reasons to trigger an audit. \n\nRequirements to Claim the Home Office Deduction\nRegardless of the method chosen, there are two basic requirements for your home to qualify as a deduction:\n\n1.Regular and exclusive use.\n2. Principal place of your business.\n\n\nRegular and Exclusive Use.\n\nYou must regularly use part of your home exclusively for conducting business. For example, if you use an extra room to run your business, you can take a home office deduction for that extra room.\n\nPrincipal Place of Your Business.\n\nYou must show that you use your home as your principal place of business. If you conduct business at a location outside of your home, but also use your home substantially and regularly to conduct business, you may qualify for a home office deduction.","replyToPid":440112}

1047332

{"replyTo":"","text":"Listen, I know that you do not like that I called you out on your BS answer. You do not need to get all upset that you are wrong. Many times a spouse, family member, or friend, will dispatch loads from home to the driver O/O. The I.R.S. does not and cannot dispute your claim when the deduction is allowable under their rule set. No one is going to randomly do a ‘ninja-investigation’ and ‘if’ they were to, they would find that a home office also includes other activities from your home such as mailing, trip planning, prospecting new business, and PREPARING TAXES.\n\nSo dude, CHILL yo’!\n\nYou’re wrong and your answer sucked.\n\nIt’s O.k., you will recover from this if you just say ‘oops!’ my bad, and let it go.\n\nA.) There is not a ‘set’ number of hours of use defined.\n\nB.) Tax prep is an ongoing thing.\n\nC.) Succesful Owner Operators also have a Broker Authority or their other half is working as a Freight Broker Agent from that space; at the very least as a dispatch.\n\n“If you conduct business at a location outside of your home, but also use your home substantially and regularly to conduct business, you may qualify for a home office deduction.”\n\nThank you for using my link, to try to break an argument, for which no language of it supports your belief and opinion.","replyToPid":0}

1039748

{"replyTo":"

1047332 发表于 2021-08-15 00:38:49 Here is the link that verify’s ‘Navy Popeye’ advice:\n\nhttps://www.irs.gov/businesses/small-businesses-self-employed/self-employed-individuals-tax-center\n\nScroll down to ‘Home Office Deduction’\n\nStill valid.

","text":"I just talked with one of my older sisters and she said it was still valid as well. Thanks for sending me the link 🤩","replyToPid":440112}