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Standard Mileage Rate includes vehicle depreciation, maintenance, fuel, insurance, etc. Where are you getting that a driver can take Standard Mileage Rate while only paying for fuel? IRS publication 463 chapter 4 states "If you use the standard mileage rate for a year, you cannot deduct your...

Here is a question for someone who is an O/O of a cargo van. Does one need to fill out a form 4562 if you take the Standard Mileage Deduction? From what I understand, as a self-employed driver for a O/O, you would put fuel in Part V: Other expenses and you would not fill out Part IV...

You're welcome and I am sure Frank will correct me if I am wrong. As a note, I had issues in the past with a fleet owner who wrote off reimbursements on my 1099 for maintenance I had performed/payed for while also claiming those costs in Line 9: Truck Expenses of his Schedule C. I ended up...

This one I am fairly certain of. If you drive for an owner and you pay for the fuel, you can only take a deduction on the fuel expense and tolls (if you paid for the tolls). You can not take mileage because the owner bought the truck and is paying for the maintenance, truck insurance, etc. In...

Frank, thank you for the reply. I am not using any software but rather old school manual using fill-able PDF forms (1040, Schedule C and 1040SSE). I included an additional self made sheet detailing the breakdown of Schedule C deductions. I am also interested in what the proper code for...

Is there a special Schedule C form with this check box? The one I have doesn't have it (downloaded from IRS site). Also, do the sheets/logs for per diem, standard mileage (van driver O/O), showers/laundry need to be included with the tax return and if so what year were they first required...