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March 19, 2020
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gator rental

  • March 19, 2020
  • 1 reply
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I rent a gator to my employer.  How do I expense out fuel used to run equipment?

Best answer by Irene2805

If you have a side business of renting out equipment, you can take the cost of fuel as a business expense on your Schedule C.

 

Because of the Tax Cuts and Jobs Act, as an employee, you can no longer take job-related expenses as a deduction. 

1 reply

Irene2805Answer
March 19, 2020

If you have a side business of renting out equipment, you can take the cost of fuel as a business expense on your Schedule C.

 

Because of the Tax Cuts and Jobs Act, as an employee, you can no longer take job-related expenses as a deduction.