Do you guys deduct the mileage on your trailers in addition to your trucks? Thank.
cirikili New member Feb 7, 2011 #1 Do you guys deduct the mileage on your trailers in addition to your trucks? Thank.
Ron Musgraves Exterior Restoration Specialist Staff member Feb 7, 2011 #2 I never have, that doesn't mean I'm doing it right. You can depresiate the trailer on taxes but I don't think you can get milage??
I never have, that doesn't mean I'm doing it right. You can depresiate the trailer on taxes but I don't think you can get milage??
Scott Stone New member Feb 7, 2011 #4 I would check with your accountant. That being said, my accountant is amazing, and she has never let me do that.
I would check with your accountant. That being said, my accountant is amazing, and she has never let me do that.
I IndyExterior New member Feb 7, 2011 #5 You have to depreciate it or expense it. You can't use the mileage deduction.
cirikili New member Feb 7, 2011 #7 Yeah, I figured I couldn't. Thought I'd ask before I see the accountant today. Would be nice though.
Ryan New member Feb 7, 2011 #8 You could double you mileage for every trip between the truck and trailer! That would be the greatest ever. Oh well I guess it's back to deductions from depreciation and maintenance.
You could double you mileage for every trip between the truck and trailer! That would be the greatest ever. Oh well I guess it's back to deductions from depreciation and maintenance.
T Turbo New member Feb 24, 2011 #9 Mileage is the best thing to write off... Do you guys take your gas receipts and get the gallons and x the miles????
Mileage is the best thing to write off... Do you guys take your gas receipts and get the gallons and x the miles????