Question

Work Truck Vandalism where do I write off mileage for rental?

Forum|Forum|4 years ago
April 15, 2022
1 reply
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Someone tried to steal my truck but did not take it. The damage done due to vandalism put the truck in the shop. Where do I write in mileage for rental used during the time it took to fix my truck?

AliciaP1

If your truck was listed for your self-employment business you should enter the direct costs of the rental and any fuel purchases as business expenses rather than mileage for that time.

If the truck was yours but used to earn W-2 income, no amount is deductible. The Tax Cuts and Jobs Act eliminated the Unreimbursed Business Expenses deduction for tax years 2018 - 2025.

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A

amber06Author

The rental was covered by insurance but the mileage was used to go to the job. Being self-employed There are no W2's. I pay taxes when I file. I did have a $500.00 deductible I'm trying to figure where to plug that in. I have not added the amount it cost to fix it to my expenses, since insurance covered all but the deductible.