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

1039748

{"text":null,"videos":"[]","link":"{}","pics":"[]","canComment":true,"externalShare":false}

936953

{"replyTo":"","text":"Nope, just the front left wheel…..here’s your sign 🪧 ","replyToPid":0}

1039748

{"replyTo":"","text":"I met a very angry Puerto Rican man tonight who said truck drivers are not allowed to use their entire truck as a tax write off. Apparently he does taxes and said that it’s not legal and said the IRS will come after us. I tried explaining the logistics to him but he’s the type of guy who only sees it his way. He also got angry and said “I can’t believe my taxes are paying for your brand new truck” and I was like whaaaaat?! Lol ..my IQ was dropping just by hearing him talk. ","replyToPid":0}

758212

{"replyTo":"","text":"Awww heck……..I’ve only been using my headlight lol 😂 ","replyToPid":0}

1303876

{"replyTo":"","text":"only once, yes.","replyToPid":0}

1303876

{"replyTo":"","text":"https://discord.gg/GYENhrsPSB","replyToPid":0}

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":"

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":"","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}

936953

{"replyTo":"

942116 发表于 2021-08-14 23:44:08 if you really want to set up an office in your house or whatever you live in, you can also write that off on taxes as it is used for your business. it is rated per the size of the office in square feet to the ratio of your home cost

","text":"They pretty much did away with that.","replyToPid":440099}

1039748

{"replyTo":"

936953 发表于 2021-08-14 22:28:56 Nope, just the front left wheel…..here’s your sign 🪧

","text":"🤣🙌🏼","replyToPid":440091}

972824

{"replyTo":"","text":"That dude is high on something!  ","replyToPid":0}

942116

{"replyTo":"","text":"if you really want to set up an office in your house or whatever you live in, you can also write that off on taxes as it is used for your business. it is rated per the size of the office in square feet to the ratio of your home cost","replyToPid":0}

753289

{"replyTo":"

1039748 发表于 2021-08-14 22:48:27 I met a very angry Puerto Rican man tonight who said truck drivers are not allowed to use their entire truck as a tax write off. Apparently he does taxes and said that it’s not legal and said the IRS will come after us. I tried explaining the logistics to him but he’s the type of guy who only sees it his way. He also got angry and said “I can’t believe my taxes are paying for your brand new truck” and I was like whaaaaat?! Lol ..my IQ was dropping just by hearing him talk.

","text":"Get away from him fast or you'll end up too dumb to breath without being told!! Haha","replyToPid":440094}

1039748

{"replyTo":"

942116 发表于 2021-08-14 23:44:08 if you really want to set up an office in your house or whatever you live in, you can also write that off on taxes as it is used for your business. it is rated per the size of the office in square feet to the ratio of your home cost

","text":"Thank you, I will definitely be using that advice😁","replyToPid":440099}